Resource Tag: Annuities
Companies that have transferred pensions to insurance companies
Below is a list of employers that have transferred their pension obligations for certain retirees and former employees to insurance companies by purchasing annuities. (Note: this is not a comprehensive list. These are only the changes that we are aware of, based on corporate press releases, news reports, and other sources.) This practice differs from […]
Should you take your pension as a lump sum?
Updated: August 2015 Some companies have offered to cash out the pensions of certain retirees and former employees and instead give them a one-time lump-sum payment. While the idea of suddenly having a large sum of money is tempting, this is a decision that you will have to live with for the rest of your life. […]