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IRS deepens focus on lifetime income with lump-sum ban

07/27/2015 | Pensions & Investments

The Internal Revenue Service's unexpected decision July 9 to ban lump-sum payments to retirees has plan sponsors keeping one eye open for further regulation but still considering those payouts for other plan participants.

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House-Passed Highway Bill Would Extend Transfers of Excess Pension Assets

07/21/2015 | Bloomberg BNA's Pension & Benefits Reporter

The House passed funding legislation that includes a section that would extend for four years provisions allowing employers to transfer excess pension plan assets to retiree-health accounts and group-term life insurance accounts.

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Some Lump-Sum Pension Buyouts Banned

07/16/2015 | Financial Advisor

The IRS and U.S. Treasury Department have banned lump-sum pension buyouts, like the ones offered to GM and Ford retired employees, starting July 9, 2015, according to a notice from the two agencies.

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Retirement Plans At Every Employer! Is Your State Next?

07/15/2015 | Forbes

Paid sick leave, raising the minimum wage, commuter benefits. What’s next on the list of items employers are going to have to offer their employees? Retirement benefits.

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Curtailing Lump Sum Pension Payouts?

07/14/2015 | Pension Pulse

I applaud the IRS and Treasury for clamping down on lump-sum pension payouts. America's pensions are in peril and the last thing it needs is more lump sum payouts which will exacerbate pension poverty.

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Treasury Curtails Lump Sum Pension Payouts

07/14/2015 | Forbes

In a sudden move, the Treasury Department said it will stop allowing employers to offer certain workers the option to take out their pensions in a lump sum. Notice 2015-49, Use of Lump Sum Payments to Replace Lifetime Income Being Received By Retirees Under Defined Benefit Pension Plans, applies as of July 9, 2015.

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IRS, Treasury Halt Lump-Sum Buyouts for Retirees Getting a Pension

07/13/2015 | ThinkAdvisor

The Treasury Department and Internal Revenue Service amended Treasury regulations last week to stop companies from offering lump-sum buyouts to retirees who already receive a monthly pension.

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Pension advocate backs IRS rule banning annuity conversions to lump sums

07/13/2015 | Business Insurance

A new IRS and Treasury Department ban on employers offering pension plan participants currently receiving monthly annuity benefits the option to convert their benefit to a cash lump sum was needed to protect retirees, a consumer advocacy group says.

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Legislation offers workable solution to multiemployer plan underfunding

07/13/2015 | Pensions & Investments

This is a Letter to the Editor from Karen Ferguson, director of the Pension Rights Center, responding to a negative editorial that Pensions & Investments published on the Keep Our Pension Promises Act of 2015.

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Conn. Passes Protection for Transferred Pension Assets

07/10/2015 | PlanSponsor

Connecticut Governor Dannel Malloy signed Public Act 15-167 into law, bringing additional protections to retirees’ assets from creditor claims.

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