Tag: Annuities|Life expectancy|Lump sum|Plan termination|Story|Traditional (defined benefit) pensions
Retirees Wrestle With Pension Buyout From General Motors
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.
