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Cathy J. Toner

  • 2012 a pivotal year for making pension plan decisions

    In 2012, many organizations that sponsor pension plans are considering the future of those plans - especially sponsors of frozen defined benefit plans. The year 2012 is arriving with fully phased-in changes to calculating lump-sum payments that will make it more cost-effective to terminate a pension plan. Many plan sponsors are reviewing those changes, and trying to understand what those changes may mean for the future of their pension plans.