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CONVERTING 401 Ks & IRAs to GOV'T BACKED ANNUITIES?

Request for Public Comment- by May 3, 2010

The Federal Register http://edocket.access.gpo.gov/2010/2010-2028.htm

The Department of Labor and the Department of the Treasury (the "Agencies") are currently reviewing the rules under the Employee Retirement Income Security Act (ERISA) and the plan qualification rules under the Internal Revenue Code (Code) to determine whether, and, if so, how, the Agencies could or should enhance, by regulation or otherwise, the retirement security of participants in employer- sponsored retirement plans and in individual retirement arrangements (IRAs) by facilitating access to, and use of, lifetime income or other arrangements designed to provide a lifetime stream of income after retirement. The purpose of this request for information is to solicit views, suggestions and comments from plan participants, employers and other plan sponsors, plan service providers, and members of the financial community, as well as the general public, on this important issue.

Comments must be submitted on or before May 3, 2010.

You may submit written comments to any of the addresses specified below. Any comment that is submitted to either Agency will be shared with the other Agency and made public. Please do not submit duplicates.

All submissions received must include the agency name and Regulation Identifier Number (RIN) for this rulemaking. Persons submitting comments electronically are encouraged not to submit paper copies. Department of Labor. Comments to the Department of Labor, identified by RIN 121 0-AB33, by one of the following methods: Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions. E- mail: e-ORI@dol.gov. Include RIN 1210-AB33 in the subject line of the message. Mail: Office of Regulations and Interpretations, Employee Benefits Security Administration, Room N-5655, U.S. Department of Labor, 200 Constitution Avenue, NW., Washington, DC 20210, Attention: Lifetime Income RFI. Internal Revenue Service. Comments to the IRS, identified by REG- 148681-09, by one of the following methods: Mail: CC:PA:LPD:PR (REG-148681-09), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Federal eRulemaking Portal: http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Stephanie L. Ward or Luisa Grillo-Chope, Office of Regulations and Interpretations, Employee Benefits Security Administration (EBSA), (202) 693-8500 or Peter J. Marks, Office of Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities), Internal Revenue Service, Department of the Treasury, at (202) 622-6090. These are not toll-free numbers.