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Subject:  Re: Pension - lump sum or annuity? Date:  4/24/2014  2:49 PM
Author:  Hawkwin Number:  74841 of 100451

This provision bothers me a bit, but, I am wondering how it is calculated. This is 85% of what?

It is probable that the company is offering to buy out their pension at a current value of 85% of the future projected balance/value.
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