Month: August 2015
IRS and Treasury say no more lump-sum offers
The Internal Revenue Service and the Treasury have done a wonderful thing. They announced last month that they intend to amend regulations in order to prohibit companies from “de-risking” their defined benefit plans by offering a lump-sum option for retirees already receiving benefits. In other words, defined benefit plans will not be able to replace […]
Labor Leader Robert Roach, Jr. Joins Pension Rights Center Board of Directors
WASHINGTON – The Pension Rights Center is pleased to announce that Robert Roach, Jr., former General Secretary-Treasurer of the International Association of Machinists and Aerospace Workers (IAM) has joined the Center’s board of directors. Roach joins a prestigious roster of academic, legal, and policy experts in guiding the nation’s leading consumer organization on retirement income […]
