As we wrap up the inaugural year of InsideCompensation, we look back on 2012’s most significant developments in employee benefits and executive compensation, both in the U.S. and internationally.
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MAP-21
De-risking Through Pension Settlements Becomes More Attractive
By Amy N. Moore & Robert Newman on
Posted in Defined Benefit Plans
Several developments in recent months have made settling pension liabilities look more attractive to sponsors of defined benefit plans seeking to de-risk: First, Ford and GM announced pension settlements of unprecedented size. Second, Congress passed a pension funding relief bill, known as “MAP-21,” that could encourage pension settlements. And, third, the IRS issued three private letter rulings providing useful guidance covering lump sum settlements and annuitizations.
Continue Reading De-risking Through Pension Settlements Becomes More Attractive