DB Plans Can Be Required to Provide COLA to Lump-sum Recipients
With lump-sum retirement distributions gaining favor among employers with defined benefit plans, sponsors should note a decision from a federal district court that supported the right of lump-sum payout recipients to receive a cost-of-living adjustment that is actuarially equivalent to the COLA paid to annuitants. In Pikas v. Williams Cos., District Judge Gregory Frizzell granted […]
