According to a lawyer involved in the negotiations, the two groups are considering a plan that provides for a minimum payout with additional money allotments based on drug sales.
Mr. Feinberg had hoped to establish a minimum payout to deal with families who appeared to be "walking away with nothing" from the federal fund but was advised that the law would not allow it.
In the clubs, guarantees of a minimum payout are now less common; many clubs offer musicians just the take at the door or a percentage of drink sales.
Flavor of the moment: annuities that can grow (somewhat) in the next bull market yet have the protection of a minimum payout.
With annuities, the fees start to pile up when people elect additional features, like a guaranteed, minimum payout.
But that plan provides a fixed minimum payout of 5 percent annually, no matter the market conditions, and the annuities are backed only by Prudential.
These provide lifetime income for you and if you so choose, also your spouse (a 5% minimum payout).
Responding to customers' fear that they'll get a really bad deal (by dying young and leaving heirs nothing), vendors offer such features as a guaranteed minimum payout.
–DAFs are not subject to a legal minimum payout requirement, unlike private foundations which must give away 5% of their annual assets.
--DAFs are not subject to a legal minimum payout requirement, unlike private foundations which must give away 5% of their annual assets.
