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IRS Private Letter Rulings Add Fuel to Fire on Lump-Sum Offers, De-Risking Debate (PDF)
Bloomberg BNA Link to more items from this source
June 24, 2014
"The PLRs removed a possible cloud over the legality of making lump-sum offers to participants in pay status.... The new rulings will not necessarily hasten the demise of the defined benefit plan system ... [But] it's a variation on the same theme as dropping a defined benefit plan for a Section 401(k) plan: Sponsors of defined benefit plans are trying to shed costs by making employees fend for themselves."

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