Tag: General motors
![Pile of U.S. currency](https://crr.bc.edu/wp-content/uploads/2023/06/Pile-of-U.S.-currency-1536x1024.jpeg)
Transforming a stream of lifetime benefits into a lump sum undermines retirement security. Recently, the IRS walked back protections that limited a company’s ability to offer a lump-sum payout for the monthly benefit provided by its defined benefit pension plan. This strategy of offering lump sums allows companies to reduce their liabilities before purchasing a…