IRS Reverses Itself Again to Permit DB Plan Sponsors to Offer Retiree Lump-Sum Windows

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Defined benefit (DB) plan sponsors received another “derisking” tool in early March when the Internal Revenue Service (IRS) and U.S. Treasury Department unexpectedly reversed course on retiree lump-sum payouts. On March 6, the IRS issued Notice 2019-18, which grants employer plan sponsors the right to offer retirees in pay status the chance to opt for […]

The post IRS Reverses Itself Again to Permit DB Plan Sponsors to Offer Retiree Lump-Sum Windows appeared first on HR Daily Advisor.

Source: HR Daily Advisor

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