The third quarter of 2012 has seen a rash of companies offering lump-sum payouts to participants in their defined benefit pension plans.

At least 10 pension funds have followed in the footsteps of auto giants Ford and General Motors in offering lump-sum payments to vested participants. The number of companies joining the movement away from defined benefit pensions was helped along by provisions of this summer’s highway bill that  allowed more companies to offer lump-sum payouts than were permitted under the Pension Protection Act of 2006, according to a story in Pensions & Investments.

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