Page 157 - FebDefComp

REQUIRED OR
PROVISION DESCRIPTION EFFECTIVE DATE OPTIONAL
Disclosure regarding The required lifetime income disclosure on benefit statements will Shall apply to pension Defined contribution
lifetime income illustrate the amount of monthly payments a participant would receive if benefit statements plan benefit statements
the participant’s total accrued benefits under the plan were used to furnished more than 12 will be required to
provide lifetime income streams, including a qualified joint and survivor months after the latest include a lifetime income
annuity for the participant and the participant’s surviving spouse, and a of the issuance by the disclosure.
single life annuity. Secretary of: (1) interim
final rules, (2) a model
disclosure, or (3)
permissible
assumptions.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its subsidiaries,
employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice
from their own tax or legal counsel. The information provided here is current as of January 1, 2020, is provided for
information purposes only and is subject to change at any time.

© 2020 Massachusetts Mutual Life Insurance Company (MassMutual ), Springfield, MA 01111-0001.
®
All rights reserved. www.MassMutual.com.
RS4153x2 1217 CRN: RS-48317-00