Workers assemble Ford Focuses at a plant in Wayne, Mich. (AP Photo/Gary Malerba, file)

As more companies look to cut their pension plan obligations by offering employees lump-sum payments or annuities, the U.S. Department of Labor is considering regulations that have groups representing employers and participants squabbling.

The department’s ERISA Advisory Council earlier this month recommended that guidelines be created to ensure plans disclose to employees how derisking strategies are calculated and implemented, as well as making sure participants know their possible impact. The most contentious proposal might be one that would declare derisking a fiduciary decision.

 

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