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LSC Communications Pension Termination

Sep 27, 2023 1:33:25 PM
written by The Retirement Group

In a pivotal move, LSC Communications has made the difficult decision to terminate its pension plan, a decision driven by the plan's significant underfunding and the company's financial constraints. The LSC Communications pension plan's underfunding has been exacerbated by a multifaceted web of challenges. The printing industry's decline, coupled with the escalating costs associated with providing pension benefits, has created a perfect storm.


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posted in Financial Planning, Lump Sum, Pension, 2023, LSC Communications

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Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.

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Securities offered through FSC Securities Corporation, member FINRA/SIPC. Investment advisory services offered through The Retirement Group, LLC. a registered investment advisor not affiliated with FSC Securities Corporation. *We are not affiliated with or endorsed by your company or organization. This message and any attachments contain information, which may be confidential and/or privileged, and is intended for use only by the intended recipient. Any review, copying, distribution or use of this transmission is strictly prohibited. If you have received this transmission in error, please (i) notify the sender immediately and (ii) destroy all copies of this message. The Retirement Group, LLC is registered to conduct advisory business in the following states: AZ, CA, CO, FL, ID, IL, IN, LA, MI, MS, MO, NE, NV, NJ, NY, NC, OK, OR, SD, TX, UT, VA, WA. Through FSC Securities Corporation, we have advisors securities licensed in the following states: AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,ME,MI,MN,MO,MS,MT,NC,ND,NE,NJ,NM,NV,NY,OH,OK,OR,PA,SC,SD,TN,TX, UT,VA,VT,WA,WI,WY 

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