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De-risking

Should I take my pension's lump sum offer?

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I have not started collecting my pension yet. I do not know whether to take a lump sum or take monthly checks from my 25 years of service with a well-known company. What are the risks?

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America's Pensions Are Under Attack, and More

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...In screwed news... America's pensions are under attack.  Politicians, corporations, and even our courts are all chipping away at retirement benefits and promised healthcare that workers paid into throughout their careers. 

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Retirement crisis grows as cities raid pension and health plans

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Across America, states, counties and cities are taking steps that will make retirement for ex-public employees much harsher. Courts, politicans and corporations are all working together to chip away at deferred wages: reducing pensions or eliminating promised healthcare, or both. Said simply, they’re looting retirements and pushing people toward poverty.

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When your pension sponsor talks 'de-risking' - watch out

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A growing number of employers are making plans to "de-risk" their pension plans. That's jargon for reducing the financial risk posed to corporate balance sheets by pension plans - but if you have a defined-benefit pension and you start hearing that term tossed around, pay careful attention. Less risk for employers can mean more risk for you.

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What to do if your pension is frozen

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If you are among the few who still have a traditional defined-benefit pension plan we wish you luck. In the coming months your employer—as part of an effort to “de-risk” the plan—is likely going to offer you a lump-sum payout, an annuity, or freeze the plan.

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Corporate pension execs wary of derisking fallout

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Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.

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Gotbaum Tells Council Lump-Sum Cash-Outs Are Like Cigarettes: Legal but Bad for You

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Joshua Gotbaum, director of the Pension Benefit Guaranty Corporation, told the ERISA Advisory Council Aug. 29 that pension plan lump-sum cashouts to retirees are like cigarettes: They are legal, many people like them and they are bad for you.

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More Plan Sponsors Intend to Offer Pension Cash-Out Option, Survey Finds

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Nearly four in 10 employers with defined benefit plans say they are at least somewhat likely to offer terminated vested participants and/or retirees a lump-sum option during a specified time period in 2013, compared with 7 percent that actually made such a move in 2012, according to survey results released Feb. 13 by Aon Hewitt.

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Aon Hewitt: Corporate plans eyeing jump through lump-sum window

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More than one-third of corporate defined benefit plan sponsors are considering lump-sum payouts this year for retirees and vested former employees, up from 7% last year, according to a new survey by Aon Hewitt.

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What To Do If Your Pension Is Frozen Or You're Offered A Lump Sum

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Do you now or have you ever participated in a “defined benefit” pension plan–the kind where a private sector employer promises a set monthly check based on your salary, years of service and retirement age? Are you now retired and receiving a monthly pension check?

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