Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly pension benefits for life. Making this decision involves evaluating a number ...

The construction sector uses two main types of contracts. The first type, called a “measurement contract,” is a contract whose underlying principle is accuracy. In this type of contract, the ...

Deciding between a $500,000 lump sum or $3,500 monthly annuity payments for your pension isn’t straightforward and involves weighing several personal factors. You need to consider how long you might ...

TOLEDO, Ohio — General Motors and the United Auto Workers negotiated a Special Attrition Program in the contract the two parties agreed on in November. This would allow new retirees to get a $50,000 ...

Lump sum construction agreements are the most basic of the different design-bid-build options: the contractor agrees to complete the entire scope of work for a fixed price, and assumes most of the ...

As workers head off into retirement, many pension plans offer them a choice between a lump-sum benefit and a lifetime of annuity payments. Now a growing number of employers are offering lump sums to ...

HOUSTON, Dec. 28-- Frontier El Dorado Refining Co. let a lump-sum, turnkey engineering, procurement, and construction contract to Chicago Bridge & Iron Co. (CB&I), The Woodlands, Tex., for a crude and ...

The decision of whether to take a lump sum or an annuity from your pension can be overwhelming. It’s a choice that significantly impacts your financial future, and there’s no one-size-fits-all answer.

The U.S. Office of Personnel Management (OPM) recently emailed over 2 million federal employees an offer to pay eight months of salary in exchange for resignation. Initiated by the newly launched ...

Traditional pensions are an endangered species in the private sector. But if you're lucky enough to have one, you may face a choice at retirement: Take the money as a lump sum, or as a monthly ...