IRS deepens focus on lifetime income with lump-sum ban

Outlet:

Pensions & Investments

Date Published:

Monday, July 27, 2015

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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Tags: Annuities, De-risking, Department of Labor, IRS, Lump sum, PBGC, Pension Rights Center, Traditional (defined benefit) pensions

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