In the News: IRS Opens Window for Retiree Cashouts

The Window Opens for Retiree Cashouts In the past, the IRS has implicitly prohibited the offer of a lump sum payment in lieu of a monthly annuity – except in the case of a plan termination – to retirees already in pay status. For plan sponsors seeking to remove risk...

Lump Sum Window Closes for Retirees

Over the past several years, many plan sponsors have implemented a “de-risking” strategy that allowed them to offer lump sums, equal to the value of future annuity payments, during a temporary “window” period to former employees, including retirees in pay status....

Alert: Provides Funding Relief Extended

On Friday, August 8, 2014, President Obama signed into law the Highway and Transportation Funding Act of 2014, which will come to be known to pension plan sponsors as HATFA. HATFA modifies the 2012 pension funding relief, known as MAP-21, by providing an extended...

Government’s Role in the Pension System – Who is it Helping?

Everyone has their own perspective on government’s role in our daily lives. Is it there to provide aid and assistance or is meant to merely provide the framework for us to govern ourselves? In the context of the US pension plan system, what started out as a framework...