Sometimes the ‘basics’ get so shopworn they lose their punch—like the solemn performance of fiduciary duty and its importance to every retirement plan sponsor and nonprofit institution and their investment committees. Here’s a brief refresher.
A lump-sum option to DB plan participants can reduce a plan’s liabilities—a good thing. Making it available to pensioners? Not so good and not any more, says the IRS to in-pay retirees and beneficiaries. Blogger Paul Bosse agrees, and explains why.