Jump to Navigation
Jump to Content

The Savings Game: New retirement plan disclosure regulation not in consumer interest

Date Published: 
Thursday, August 6, 2020

On July 27, a new anti-consumer Labor Department regulation went into effect. The new rule gives retirement plans the right to quit mailing workers and retirees important disclosures on paper and simply send a notice by text or email telling them that key pension information is available on a website. Then it is up to workers and retirees to hunt that information down.