Tag: Annuities|De-risking|IRS|Lump sum|Pension Rights Center|Regulation|Spousal benefits|Survivor benefits|Traditional (defined benefit) pensions|Treasury Department
Treasury Curtails Lump Sum Pension Payouts
In a sudden move, the Treasury Department said it will stop allowing employers to offer certain workers the option to take out their pensions in a lump sum. Notice 2015-49, Use of Lump Sum Payments to Replace Lifetime Income Being Received By Retirees Under Defined Benefit Pension Plans, applies as of July 9, 2015.
