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Why Not Make That Pension Plan Lump-Sum Window Permanent?
Milliman Retirement Town Hall Link to more items from this source
Jan. 21, 2014
"With PBGC premium rates scheduled to increase over the next several years ... it will be more expensive for a plan sponsor to maintain its terminated vested liability.... By making a lump-sum feature permanent a plan sponsor has the opportunity soon after a participant terminates employment to cash them out, which eliminates the possibility they will ever become a missing participant.... [However,] there are issues that will need to be considered before amending a plan to add a lump-sum feature."

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