Pension vs. Lump Sum Buyout: What Would YOU Choose?

In October 2019, General Electric became the latest US company to tear apart its employee pension plan.  The company is freezing benefit accruals for about 20,000 active employees and offering lump sum buyouts for about 100,000 former employees who have not yet begun taking income.  This trend can only be expected to increase.  Should you, a friend or loved one have this choice to make, here are some things you should consider.

 

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