Administrating voluntary pension terminations

In preparation of a voluntary pension termination, one plan sponsor offered all terminated, vested, and active participants the option to take a full lump-sum payout of their pension benefits regardless of age.

Voluntary pension plan terminations can present sponsors with several challenges. A team of actuaries and plan administration professionals can work closely with the plan sponsor to effectively manage, organize, and track the termination from start to finish. Learn how Milliman helped one client administer a plan termination in this case study by Verna Brenner.

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