Benefits & Compensation Insider
March 28, 2019 www.ipbtax.com
 

You have probably heard by now that the IRS has reversed course and is allowing pension plans to offer lump sums to retirees in pay status. Under IRS Notice 2019-18, a lump sum offer would give current retirees the opportunity to switch from a monthly annuity to a single lump sum payment. 

Many plan sponsors are contemplating whether to take advantage of this limited opportunity to offer lump sums to retirees. As you weigh the possibility, consider the three key issues outlined in our Newsletter.



 



 
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The information in this newsletter is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. This newsletter is not an offer to represent you, and you should not act, or refrain from acting, based upon any information herein.

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