Many companies within the automotive industry have announced new pension lump sum payment programs that impact certain current salaried retirees or former employees. In some cases these companies are also providing a new option for current salaried employees to receive a lump sum pension benefit upon retirement. This is now a trend among a number of companies outside the automotive industry as well. NCR, Sears, The New York Times, Equifax, TRW, Lockheed Martin, J.C. Penney, and Archer Daniels Midland are among a few of the companies that have come forward with a pension lump sum offer for certain retirees.

With these announcements many retirees and employees are left wondering what they need to do differently for their retirement income savings, planning, and investing. Below you will find several resources for retirees and employees looking to better understand this new pension lump sum option.

Please feel free to contact Mainstay Capital Management toll-free at 1‑866‑444‑6246 for questions or further assistance with your personal situation.

Pension Lump Sum Special Report

MCM's Pension Payment AnalyzerTM

Pension Lump Sum Frequently Asked Questions

State Guarantee Funds

Pension Benefit Guaranty Corporation - F.A.Q.

Articles of Interest:

"White-collar GM retirees must decide on lump sum" - Detroit Free Press

"Time for salaried GM retirees to make buyout decisions" - Detroit News

"GM pension decision looms" - Detroit News

"GM lump-sum payouts leave retirees with questions" - Lansing State Journal

"Lump-sum pension questions, answers" - Detroit Free Press

"Lump-sum pension offer a tough call for General Motors, Ford retirees" - Detroit Free Press

"Taking Your Lumps—or Not" - Wall Street Journal

"Are GM-Like Pension Offers a Good Deal?" - FOX Business

"Take a GM pension or lump sum? Do the math" - Detroit Free Press

"Adviser: Look carefully at GM pension offer" - Flint Journal

"Stern Advice: Are GM-Like Pension Offers a Good Deal?" - Reuters

"Ford may buy out retiree pensions" - Detroit News

"Ford's lump-sum pension offer is tempting, but run the numbers first" - Detroit Free Press

"Ford Offers Retirees A Bag Of Cash To Go Away" - Forbes

"Retiring Ford workers to get payout option" - Detroit News

Important Consumer Disclosures

Mainstay Capital Management, LLC is an investment advisor registered with the Securities and Exchange Commission. Due to various state regulations and filing requirements, Mainstay and its representatives may only provide investment advisory services in those states in which it is first appropriately registered or otherwise exempt or excluded from registration requirements. The purpose of this website is to provide the public with general information about the services offered by our investment management firm. Mainstay does not render personalized investment advice or services or effect, or attempt to effect any securities transactions, on this website. Our firm continuously monitors its filing requirements in all states, and will provide individualized advisory services only in accordance with various state regulations. Mainstay does not make any representations or warranties as to the accuracy, completeness, or relevance of any information prepared by any unaffiliated third party provider, whether linked to Mainstay's website or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

 

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