終身收入選項退休計劃【外文翻譯】

1、原文：原文：LifetimeIncomeOptionsfRetirementPlansHerrDanielP.ThearticleoffersinfmationonvariousretirementincomeoptionsintheU.S.Thegovernmentaimstoreduceproblemsinannuitizationof401(k)planassetspromotelifetimeincome.Italsodiscu

2、ssesseveralgovernmentefftsthataddresstheretirementincomeoptionsincludingtherequestofinfmationonthelifetimeincomeoptionsftheretirementplansofbeneficiariesofgovernmentagenciestheretirementsecurityprojectthelegislativepropo

3、sals.Mostdefinedcontribution(DC)planspaybenefitsinalumpsumhoweverfocusisbeingshiftedtoinvestmentalternativesdesignedtopayretirementbenefitsinalifetimestreamofincome.RecentlytheEmployeeBenefitsSecurityAdministration(EBSA)

4、releasedarequestfinfmationwithrespecttoannuitypaymentsfromDCplans.TodateEBSAhasreceivedmethan700responses.Q.WhywasthisrequestfinfmationpublishedbyEBSAA.PartoftheObamaadministration’s“SupptingdleClassFamilies”programfocus

5、esonwaystomake401(k)otherDCplansmelikedefinedbenefit(DB)planswhichguaranteeretireesalifetimepension.BypublishingthisrequestfinfmationtheEBSAisattemptingtogaugeAmericans’retirementsecurityinligoftherecenttrendawayfromspon

6、sshipofDBplanstowardsponsshipofdefinedcontributionplans.ThenumberofactiveparticipantsinDBplansfellfromabout27millionin1975toapproximately20millionin2006whereasthenumberofactiveparticipantsinDCplansincreasedfromabout11mil

7、lionin1975to66millionin2006.Therequestincludesquestionsonabroadrangeoftopicsfromgeneraldiscussionsofannuitiestodisclosureinvestmentionparticipanteducation.Itishopethattheresponsestothispublicationwillsetthestageffuturegu

8、idancewithrespecttoannuitypaymentsfromDCplansidentifystepsthattheagenciescouldshouldtaketoovercomeatleastsomeoftheconcernsthatkeeppaymentbecausetheguaranteedstreamofpaymentsissetfthatthetimethemoneyisinvestednotatthetime

9、ofdistribution.Alifetimeincomeannuityisaninvestmentalternativethatpaysinthefmofaperiodicstreamofpaymentsfthelifeoftheparticipantthejointlivesofparticipantstheirspousesotherbeneficiary.Unlikeanannuityfmofpaymentfromaretir

10、ementplanthisisaninvestmentalternative.Thisisdifferentfromanannuityfmofpaymentpaidfromaretirementplan.Fexampleinatypical401(k)planaparticipantwillinvesthisheraccountbalanceinvariousinvestmentalternativesofferedunderthepl

11、an.Ifatthetimeofdistributionaparticipantwishestoreceivehisheraccountbalanceinsomethingotherthanalumpsumpaymentheshewilleithertakethedistributioninperiodicinstallmentsusetheaccountbalancetopurchaseanannuity.Alifetimeincom

12、eannuityontheotherhisaninvestmentdesignedtopayoutinmonthlyguaranteedpaymentsftheparticipant’slifetime.Q.WhataresomeofthedrawbacksoflifetimeincomeannuitiesasadistributionoptionfromaDCplanA.Assumingthatthelifetimeincomeopt

13、ionisaninvestmentoption—asopposedtoafmofdistribution—themostsignificantdrawbackisalackofptability.dinarilyaparticipantcanrollmoneyfromafmeremployer’s401(k)planintoanindividualretirementaccountintothenewemployer’s401(k)pl

14、anbutunlesstheplanacceptingtherolloveroffersthesame401(k)annuityoptionthenewplanwillprobablynotaccepttherollover.Iftheparticipantlefttheannuityintheoldplanthebenefitsofgraduallyinvestingovertimewouldbelost.Liquidatingthe

15、investmentpritotherollovercouldresultinlosingtheguaranteedincomeoptionextrafees.ArecentPrudentialsurveyfoundthat65%ofwkersages21to30favhavingpartoftheirsavingsautomaticallyconvertedintoguaranteedretirementincomethat70%of