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
Lockheed Martin Pension Window: What You Need to Know
Sep 27, 2023 11:48:05 AM
written by
The Retirement Group
Lockheed Martin has provided employees and retirees with the option to receive a lump-sum payment. The corporation has decided to transfer its pension obligations to Athene Holdings Ltd., an insurance provider. This has sparked critical discussions and questions regarding the future of retirement security for those who have devoted their careers to the company. Athene assumes a crucial role in protecting the financial futures of Lockheed Martin employees and retirees.
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posted in Financial Planning, Lump Sum, Pension, Lockheed Martin, 2023
Need Tax Help? 2020 Year-End Tax Tips
Sep 2, 2023 1:30:18 AM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Wills: The Cornerstone of Your Estate Plan
Jul 13, 2023 10:26:25 AM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Retirement Plans for Small Businesses
Jun 7, 2023 3:19:17 PM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Social Security Disability Benefits
Jun 7, 2023 2:38:35 PM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Market Month: May 2023
Jun 1, 2023 11:23:43 AM
written by
The Retirement Group
The Markets (as of market close May 31, 2023)
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posted in Financial Planning, Lump Sum, Pension, Market
AT&T’s Retiree Pension Payments Taken Over by Athene
May 9, 2023 3:19:52 PM
written by
The Retirement Group
Understanding the Shift: AT&T's Retiree Pension Payments Transferred to Athene
AT&T has made changes to its pension plan for retirees. Beginning with the August pension payment, AT&T will transfer the assets and liabilities associated with the pension plan to Athene, a financial institution that manages pension group annuities for several other companies. This change does not affect the amount of the monthly pension payment. Retirees will receive monthly payments from Athene instead of the AT&T Pension Benefit Plan. The change impacts about 96,000 retirees who receive certain monthly pension benefits from AT&T.
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posted in Healthcare, Pension, AT&T, 2023
How Layoffs Can Have Negative Long-Term Consequences for Companies
May 2, 2023 11:41:32 AM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Financial Survival After a Job Loss
Mar 15, 2023 8:29:00 AM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning