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Lump sum

Companies that are offering lump-sum pension buyouts

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One of the most recent developments in the defined benefit pension plan field is the move of employers to offer certain plan participants, especially former employees not yet receiving benefits, the opportunity to convert their future monthly annuity into a cash lump-sum payment.

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Companies pitch lump sums to dig out of pension holes

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Former longtime employees of two big Atlanta companies recently got an intriguing offer – a check for tens or even hundreds of thousands of dollars.

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The Tightwire Act of Living Only on Social Security

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Living on an inflexible budget, one that teeters on the brink of poverty, is not what most people equate with retirement. But that is pretty much what anyone who lives solely on Social Security can expect.

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Cash Balance Plan Ordered to Pay $18 Million for Improper Benefit Calculation

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A cash balance pension plan must pay a certified class of plan participants $18,677,671 in additional plan benefits and prejudgment interest as a result of its failure to use a whipsaw calculation in determining lump-sum distributions of participants who terminated employment before their normal retirement age, the U.S. District Court for the Western District of Wisconsin ruled Aug.

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Lump-sum opinions are everywhere

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Everyone from daughters-in-law to cousins to former co-workers has an opinion on whether salaried retirees at Ford and General Motors should give up a steady pension check if they're offered a sizable lump sum.

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GM Retirees Must Decide Today On Lump Sum Payout

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After presumably agonizing for weeks over whether to keep their lifetime pension benefit or take a one-time lump-sum payment, some 42,000 General Motors retirees are faced with making that critical decision today.

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Why GM retirees should say 'no' to lump-sum payoff option

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Today's Detroit Free Press includes an op-ed from the Pension Rights Center about GM's lump-sum offer to salaried retirees.

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Beware Advice on Lump Sum Offers

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If your pension plan gives you a lump sum option, get two or three opinions before taking the money.

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Retirees Wrestle With Pension Buyout From General Motors

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For weeks, John and Kathy Matthews have agonized over the choice: accept $818,000 in a lump sum from General Motors to buy out Mr. Matthews’s pension or keep collecting a check of $4,854 a month.

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Pension or buyout? GM retirees make the tough call

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Is it better for existing retirees to convert their pension to an annuity or to take a lump sum payout?

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