In the case of termination payments, the lump-sum
payment represents the present value of all the future, interim payments to be made or received under the contract.
A plan participant would accumulate lump-sum
credits, as explained below, analogous to a traditional final average pay defined benefit plan.
Hence, much of the explanatory power that the age variable brings to the model may be picked up in the earnings variables themselves in the year of the distribution and average 5-year specifications, resulting in a smaller observed effect of age on lump-sum
choice when using earnings for the year of the distribution or 5-year average earnings.
Nineteen of 35 other state lotteries offer a lump-sum
The percentage of lump-sum
payments found in manufacturing settlements declined in 1991 yet continued to outnumber those in non-manufacturing.
THE WOODLANDS, Texas -- CB&I (NYSE:CBI) has been awarded a lump-sum
contract to provide a gas processing and treating complex in Cabinda Province, Angola, for Cabinda Gulf Oil Company Ltd.
As long as no legal document releasing her claim is executed calling for the lump-sum
payment, there should be no constructive receipt on these facts.
Seven top MTA officials were given lump-sum
bonus payments a month ago ranging from $2,500 to $4,375 - including two recently promoted executives who were given bonuses, a promotional pay hike and an earlier 3 percent cost-of-living raise, the agency said.
Anyone planning to change jobs or retire in 1993 and take a lump-sum
distribution from his or her employer's qualified retirement plan should watch out.
payments continued to decline, falling to 12 percent of contracts reported in 1991, a drop of 4 percentage points from 1990, and 11 percentage points from 1989.
Many individuals, however, are presented with a lump-sum
life insurance benefit which must be invested based on uncertainties, such as interest rates, to make the money last.
As this section converts lump-sum
benefits into annuity form, the effect was to make equal lump-sum
accruals into unequal annuity accruals at different ages.