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December 23, 2024
Terminating Your Pension Plan

Pension Plan Termination: What Employers and Plan Sponsors Need to Know

Terminating a pension plan is a significant decision for any employer or plan sponsor. The process can affect plan funding, participant communications, regulatory filings, benefit distribution, and the long-term retirement security of employees and retirees. In simple terms, pension plan termination means an employer is shutting down a defined benefit pension plan and settling the...
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