lump sum – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Majority of U.S. retirees depleting retirement payouts from DC pensions: survey https://www.benefitscanada.com/pensions/retirement/majority-of-u-s-retirees-depleting-retirement-payouts-from-dc-pensions-survey/ Thu, 03 Mar 2022 14:00:16 +0000 https://www.benefitscanada.com/?p=117395 A third (34 per cent) of U.S. retirees who took a lump sum from their defined contribution pension plan in retirement depleted that sum within an average of five years, according to a new survey by MetLife Inc. “There can be significant drawbacks for retirees when taking a lump sum,” said Melissa Moore, senior vice-president […]

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