Tag: Annuities|De-risking|IRS|Lump sum|PBGC|Pension Rights Center|Plan termination|Traditional (defined benefit) pensions
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.
