Pandemic creates pension plan tension: Take the lump sum or trust lifetime payments

Pandemic creates pension plan tension: Take the lump sum or trust lifetime payments

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One of the risks that comes with pension plans may be looming larger than usual.

As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or lifetime payments from their pension could boil down to one factor: whether they think the employer will be able to meet its long-term commitments.“That’s one of the biggest considerations that employees have when doing this kind of analysis,” said certified financial planner Leslie Beck, owner and […]

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