Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math. The company is ending their pension plan, forcing a decision on whether to take a ...

Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how ...

Finally, timing. If the tax-free cash limit was cut in the Budget, then that announcement would include details of the exact cut-off point. In the meantime, your pension provider can give you an ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. These days, most private sector employees don’t have a ...

General Motors Co. will change the way it makes pension payments to white-collar retirees, shoring up its finances by offering buyouts and shifting liabilities to an annuity. The moves will unload $26 ...

In a June 4 Detroit Free Press article, Professor Norman Stein discussed General Motor's recent move to offer retirees a lump sum payment in lieu of a monthly pension check. Stein questioned the move ...

A voluntary lump-sum pension buyout program would give retirees flexibility and certainty and immediately reduce long-term ...

Dear Liz: I was recently and unexpectedly laid off. Money will be tight on Social Security alone. If I take the lump sum of my pension, the amount would be almost enough to pay off my home. Should I ...