PRC In the News
06/24/14|Bloomberg BNA's Pension & Benefits Reporter

IRS Private Letter Rulings Add Fuel to Fire On Lump-Sum Offers, De-Risking Debate

Five recent Internal Revenue Service private letter rulings allowing defined benefit plans to offer lump-sum benefit distributions to participants already receiving benefits are likely to encourage more employers to jump on the de-risking bandwagon, especially at a time when many employers are expressing interest in decreasing the impact of plan risks on their balance sheets.