Tag: Annuities|De-risking|Future retirement security|IRS|Lump sum|Pension Rights Center|Regulation|Traditional (defined benefit) pensions|Treasury Department
Pension Rights Center Applauds Treasury Department/IRS for Protecting Retirees by Banning Lump-Sum Buyout Offers
WASHINGTON – In a welcome move by the Department of the Treasury and the IRS, the agencies released last week a notice to amend Treasury regulations to stop companies from offering lump-sum buyouts to retirees who are already receiving a monthly pension. The Pension Rights Center has been critical of these transactions, which erase the […]
