the term “lifetime income investment” means an investment option which is designed to provide an employee with election rights—
(I)#
which are not uniformly available with respect to other investment options under the plan, and
(II)#
which are to a lifetime income feature available through a contract or other arrangement offered under the plan (or under another eligible retirement plan (as so defined), if paid by means of a direct trustee-to-trustee transfer described in paragraph (31)(A) to such other eligible retirement plan),