Treasury still working on guidance for longevity annuities

07/2/2013 | MarketWatch

The Treasury Department is working on rules for a measure proposed in early 2012 that would allow longevity annuities to become part of IRAs and 401(k) plans, says J. Mark Iwry, senior adviser to the secretary of the Treasury and deputy assistant secretary for retirement and health policy. "We've been incorporating some of the [public] comments into what will be the final regulation," Iwry said. "It's something we hope to finish and release in final form fairly soon."

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