Tag: De-risking|IRS|Lump sum|Pension Rights Center|Regulation|Traditional (defined benefit) pensions|Treasury Department
IRS, Treasury Halt Lump-Sum Buyouts for Retirees Getting a Pension
The Treasury Department and Internal Revenue Service amended Treasury regulations last week to stop companies from offering lump-sum buyouts to retirees who already receive a monthly pension.
Pension advocate backs IRS rule banning annuity conversions to lump sums
A new IRS and Treasury Department ban on employers offering pension plan participants currently receiving monthly annuity benefits the option to convert their benefit to a cash lump sum was needed to protect retirees, a consumer advocacy group says.