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The Pension Benefit Guaranty Corp. announced that it will require employers to report offers made to pension plan participants to convert their monthly annuities into cash lump sums.

The Federal Register carried the news earlier in the week that PBGC intends to revise 2015 PBGC premium filing procedures to include the new requirement. Such offers are usually made to employees who have left the workplace but are not yet drawing pension benefits.

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