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Retirement information meeting
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<blockquote data-quote="bacha29" data-source="post: 2318765" data-attributes="member: 58386"><p>Getting back to the pension issue. The buyout offer I read in the annual report . Mid level managers were offered a buyout equal to two and a half years of salary. When you come to think of it if it is in a lump sum and cannot be rolled into a tax deferred retirement plan then it's all ordinary income tax in the year it was received at the prevailing rate. Mighty fine buyout. Remember it's one of the 10 best companies to work for.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2318765, member: 58386"] Getting back to the pension issue. The buyout offer I read in the annual report . Mid level managers were offered a buyout equal to two and a half years of salary. When you come to think of it if it is in a lump sum and cannot be rolled into a tax deferred retirement plan then it's all ordinary income tax in the year it was received at the prevailing rate. Mighty fine buyout. Remember it's one of the 10 best companies to work for. [/QUOTE]
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