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5.
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How easy or difficult would it be for plan sponsors to comply with and/or act on the following options? |
| (Check one for each.) |
| Very easy | Easy | Neither easy nor difficult | Difficult | Very difficult | Not applicable | No answer | ||
|---|---|---|---|---|---|---|---|---|
| 5a.
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Allow employer plans to distribute a certain amount of pension benefits as annuity income and the remainder with participant discretion | |||||||
| 5b.
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Allow plan sponsors or employers to form or join purchasing pools to offer annuities | |||||||
| 5c.
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Amend ERISA Investment Advisor rules to clarify that plan sponsors may provide information/education on managing income during retirement | |||||||
| 5d.
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Apply the same tax penalties for taking a lump sum at retirement as are applied for pre-retirement lump sum distributions | |||||||
| 5e.
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Change benefit portability rules/regulations | |||||||
| 5f.
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Develop more adequate annuity products (not a policy option per se) | |||||||
| 5g.
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Enable government to act as an insurer for commercial annuity providers (i.e., federal guaranty program) | |||||||
| Very easy | Easy | Neither easy nor difficult | Difficult | Very difficult | Not applicable | No answer | ||
|---|---|---|---|---|---|---|---|---|
| 5h.
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Have PBGC or another government agency provide annuities to employers and/or employees (i.e., as a competitor to provide or sell annuities) | |||||||
| 5i.
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Increase information and education to participants/ retirees | |||||||
| 5j.
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Mandating pension/retirement saving plan benefits be paid as annuities (partial or full) | |||||||
| 5k.
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Mandating qualified DC plans offer an annuity as a default option of pension benefits (i.e., apply QJSA provisions) | |||||||
| 5l.
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Modify rules/regulations that currently apply when plans offer an annuity (e.g., limit QJSA provisions) | |||||||
| 5m.
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Provide tax incentives for employees who receive qualified annuity income (i.e., favorable tax treatment of annuity income) | |||||||
| 5n.
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Provide tax incentives for employers and/or insurance providers to provide annuities to retirees | |||||||
| Very easy | Easy | Neither easy nor difficult | Difficult | Very difficult | Not applicable | No answer | ||
|---|---|---|---|---|---|---|---|---|
| 5o.
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Require all DC plans that don't normally pay out in the form of an annuity to roll out all lump sum distributions to a new type of IRA that pays benefits in the form of a J&S annuity | |||||||
| 5p.
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Require pension/retirement plans offering distributions in the from of an annuity to offer an inflation-indexed annuity option | |||||||
| 5q.
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Require pension/retirement plans that allow retirees to elect lump sums to also offer the option to annuitize some benefits at a later date | |||||||
| 5r.
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Require qualified DC plans to offer an annuity option | |||||||
| 5s.
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Set minimum standards for state insurance guaranty funds | |||||||
| 5t.
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Simplify various DB plan rules to level the playing field with DC plans | |||||||
| 5u.
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Other (Please describe below.) | |||||||
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If you checked "other" (above), please describe. (The textbox will expand to accommodate your response.) |
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