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.
LSC Communications Pension Termination
Sep 27, 2023 1:33:25 PM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, 2023, LSC Communications