Since 2012, a number of large defined benefit pension plan sponsors have given selected participants a limited-time option of receiving their retirement benefits in the form of a lump sum. Although sponsors' decisions to make certain lump sum "window" offers is permissible by law, "questions have been raised about participants' understanding of the financial tradeoffs associated with their choice," states a 2015 report from the Government Accountability Office , Private Pensions: Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits .
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