Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math. The company is ending their pension plan, forcing a decision on whether to take a ...

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. This is especially true for baby boomers, millions of ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. These days, most private sector employees don’t have a ...

In a June 4 Detroit Free Press article, Professor Norman Stein discussed General Motor's recent move to offer retirees a lump sum payment in lieu of a monthly pension check. Stein questioned the move ...

Ellen wrote, "I had planned to take my pension in a lump sum, approximately $450,000 mainly because I feel it can grow much more than receiving it monthly." However, she also acknowledged that with ...

General Motors Co. will change the way it makes pension payments to white-collar retirees, shoring up its finances by offering buyouts and shifting liabilities to an annuity. The moves will unload $26 ...

DETROIT (AP) -- General Motors Corp., following in the footsteps of other large employers trying to cut pension costs, said Tuesday that it will shift its pension program for salaried employees from a ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision ...