With just half of seniors surveyed saying they use computers at home, the AARP tells the DOL that paper disclosures are still an important tool for many recipients.
By Andy Stonehouse|April 17, 2012 at 07:15 AM
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With the clock ticking to the debut of participant-level fee disclosures, a major force in the American retirement scene has weighed in on the issue – and suggests that a fast move to a more electronic-focused world of disclosure statements is a bit of a rush.
The AARP, in a 28-page letter submitted electronically to DOL assistant secretary Phyllis Borzi, says that the massive seniors’ rights organization supports the changes allowing e-mail and website access to retirement program participant disclosures, but emphasizes that old-fashioned paper records are still an important tool for many recipients.
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