US: It just became easier for employers to dump retirees' pensions
NOTE: I don't think this falls into the politics category, but if the mods/admins think so, then please delete this thread and I apologize . . .
This may just be CNN's usual "make a big deal out of just about anything" mode of reporting but here it is . . .
https://www.cnn.com/2019/03/20/economy/lump-sum-pensions-retirement/index.html
"With no fanfare in early March, the Treasury Department issued a notice that allows employers to buy out current retirees from their pensions with a one-time lump sum payment. The decision reverses . . . guidance issued in 2015, that had effectively banned the practice after officials determined that lump-sum payments often shortchanged seniors.
Now, advocates for the elderly worry that millions of people receiving monthly pension checks could be at risk."
NOTE: I don't think this falls into the politics category, but if the mods/admins think so, then please delete this thread and I apologize . . .
This may just be CNN's usual "make a big deal out of just about anything" mode of reporting but here it is . . .
https://www.cnn.com/2019/03/20/economy/lump-sum-pensions-retirement/index.html
"With no fanfare in early March, the Treasury Department issued a notice that allows employers to buy out current retirees from their pensions with a one-time lump sum payment. The decision reverses . . . guidance issued in 2015, that had effectively banned the practice after officials determined that lump-sum payments often shortchanged seniors.
Now, advocates for the elderly worry that millions of people receiving monthly pension checks could be at risk."