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He said the retirees in the class-action case chose a single payment over monthly lifetime checks.
The disclosure says that Ms. White will receive a monthly lifetime retirement payment of $42,500, amounting to $510,000 annually.
A lump sum is supposed to be big enough so that, if invested at a certain rate of return, it will fund your promised monthly lifetime pension.
(I am talking only about the most common form of annuity the deferred annuity sold as an investment account. The other kind, the instant annuity that converts a lump sum into a monthly lifetime payout, is another matter).
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ARRIS continues to stand by the commitment to deliver the Moxi "all in", with no monthly or lifetime DVR service fees.
The company will also be required to provide an easy way to cancel autorenewal billing for the service, which includes online and mobile app subscriptions, with payments ranging from $14.95 monthly to lifetime memberships for $299.95.
Of the remaining half, about 30percentt offer defined-benefit plans that let employees choose between lifetime monthly payments and a lump-sum payment.
He had been under fierce pressure to step down before the middle of January, when he would become entitled to a lifetime monthly pension of $900.
Yet another way to make a gift of property is to transfer title to the property to what is known as a charitable remainder trust, which then sells the property and provides the donors with a lifetime monthly payment.
An annuity starting at age 70 and paying a lifetime monthly income of $2,000, or $24,000 a year, can cost about $300,000 for a man and $330,000 for a woman (the actuarial tables say she'll live longer).
Today, about half of the Fortune 100 companies offer their employees a traditional pension with the sole option of lifetime monthly payments, compared with almost 90percentt of such companies in 1985, according to a recent study by Watson Wyatt Worldwide, an employment benefits consulting firm.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com