‘More Detail on Lump-Sum Distributions of Workers Who Have Left a Job, 2006,’ and ‘The Basics of Medicare, Updated With the 2009 Board of Trustees Report’
This article examines workers’ decisions to a take a lump-sum distribution—a one-time payment—from an employment-based retirement plan when changing jobs, while remaining in the labor force. It builds on earlier, top-line data from the 2004 Survey of Income and Program Participation (SIPP). This study provides estimates of the percentage of workers changing jobs and leaving their assets in their former employers’ plan, compares the standard of living of individuals age 55 or older with that of their early 50s, and assesses how the current near-elderly and elderly have fared after making a lump-sum decision. Press release