In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded to their members pursuant to a new workers compensation law, saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater.[6]
The Financial Times reported in July 2011 that research by Prudential had found that 79% of polled pensioners in the UK collecting a company or private pension that year took a tax-free lump sum as part of their retirement benefits, as compared to 76% in 2008.[7] Prudential was of the view that for many retirees, a lump sum at the time of retirement was the most tax efficient option.[7] However, Prudential's head of business development, Vince Smith Hughes, said, "some pensioners are beginning to regret the way they used the tax-free cash. The days of buying a shiny new car or going on a once-in-a-lifetime holiday may be gone."[7]
^W. Steve Albrecht; Earl K. Stice; James D. Stice; Monte R. Swain (February 26, 2010). Accounting: Concepts and Applications. ISBN9780538478182. Retrieved July 14, 2011.
^Neal T. Seidle; William J. Snider; Darwin M. Bayston (June 30, 1998). Investment basics and beyond. ISBN9780899820606. Retrieved July 14, 2011.
^V. R. Leonard (2008). The Social Security & Medicare Handbook: What You Need to Know Explained Simply. Atlantic Publishing Company. p. 102. Retrieved July 14, 2011. lump sum is a single payment.
^James E. Clyde (December 5, 2007). Construction inspection: a field guide to practice. ISBN9780471888611. Retrieved July 14, 2011.
^ "Quick Guide to Cost and Price Analysis for HUD Grantees and Funding Recipients". United States Department of Housing and Urban Development. Retrieved July 16, 2011. Negotiating a modification (including change orders) to any type of contract, if the modification changes the work authorized under the contract, and changes the price or total estimated cost, either upwards or downwards. You must obtain a detailed breakdown of the contractor's proposed cost - not a lump sum proposal - before negotiating the change in contract price.
^"Lump Sum Payment is Strongly Opposed; Labor Leaders Favor Periodical Payments in Workmen's Compensation Plan". The Gazette Times. November 8, 1911. Retrieved July 14, 2011.
^ abcCara Waters (July 13, 2011). . Financial Times. Archived from the original on October 3, 2011. Retrieved July 14, 2011.
External linksedit
SEC guidelines for lump sum payouts
Red Book - Form of Contract, Lump Sum Contracts, Contracts Working Party, IChemE, 2001, ISBN0-85295-443-3
The lump sum handbook: investment and tax strategies for a secure retirement, Anthony Gallea, Prentice Hall, 1993, ISBN0131003062
Lump-sum distributions from retirement saving plans: receipt and utilization, James M. Poterba, Steven F. Venti, David A. Wise, National Bureau of Economic Research, 1995
Veterans' benefits; veterans have mixed views on a lump sum disability payment option: report to the chairman, Committee on Veterans' Affairs, House of Representatives, DIANE Publishing, ISBN1-4289-7321-4
International claims: Their settlement by lump sum agreements, Lillich, Richard B., Weston, Burns H., University Press of Virginia, 1975, ISBN0-8139-0642-3
January 01, 1970
lump, lump, single, payment, money, opposed, series, payments, made, over, time, such, annuity, united, states, department, housing, urban, development, distinguishes, between, price, analysis, cost, analysis, whether, decision, maker, compares, lump, amounts,. A lump sum is a single payment of money as opposed to a series of payments made over time such as an annuity 1 2 3 4 The United States Department of Housing and Urban Development distinguishes between price analysis and cost analysis by whether the decision maker compares lump sum amounts or subjects contract prices to an itemized cost breakdown 5 In 1911 American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded to their members pursuant to a new workers compensation law saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater 6 The Financial Times reported in July 2011 that research by Prudential had found that 79 of polled pensioners in the UK collecting a company or private pension that year took a tax free lump sum as part of their retirement benefits as compared to 76 in 2008 7 Prudential was of the view that for many retirees a lump sum at the time of retirement was the most tax efficient option 7 However Prudential s head of business development Vince Smith Hughes said some pensioners are beginning to regret the way they used the tax free cash The days of buying a shiny new car or going on a once in a lifetime holiday may be gone 7 See also editLump sum tax Lottery payouts Structured settlement Distortions economics Annuity Seller s pointsReferences edit W Steve Albrecht Earl K Stice James D Stice Monte R Swain February 26 2010 Accounting Concepts and Applications ISBN 9780538478182 Retrieved July 14 2011 Neal T Seidle William J Snider Darwin M Bayston June 30 1998 Investment basics and beyond ISBN 9780899820606 Retrieved July 14 2011 V R Leonard 2008 The Social Security amp Medicare Handbook What You Need to Know Explained Simply Atlantic Publishing Company p 102 Retrieved July 14 2011 lump sum is a single payment James E Clyde December 5 2007 Construction inspection a field guide to practice ISBN 9780471888611 Retrieved July 14 2011 Quick Guide to Cost and Price Analysis for HUD Grantees and Funding Recipients United States Department of Housing and Urban Development Retrieved July 16 2011 Negotiating a modification including change orders to any type of contract if the modification changes the work authorized under the contract and changes the price or total estimated cost either upwards or downwards You must obtain a detailed breakdown of the contractor s proposed cost not a lump sum proposal before negotiating the change in contract price Lump Sum Payment is Strongly Opposed Labor Leaders Favor Periodical Payments in Workmen s Compensation Plan The Gazette Times November 8 1911 Retrieved July 14 2011 a b c Cara Waters July 13 2011 Pensioners regret taking lump sum Financial Times Archived from the original on October 3 2011 Retrieved July 14 2011 External links editSEC guidelines for lump sum payouts Red Book Form of Contract Lump Sum Contracts Contracts Working Party IChemE 2001 ISBN 0 85295 443 3 The lump sum handbook investment and tax strategies for a secure retirement Anthony Gallea Prentice Hall 1993 ISBN 0131003062 Lump sum distributions from retirement saving plans receipt and utilization James M Poterba Steven F Venti David A Wise National Bureau of Economic Research 1995 Veterans benefits veterans have mixed views on a lump sum disability payment option report to the chairman Committee on Veterans Affairs House of Representatives DIANE Publishing ISBN 1 4289 7321 4 International claims Their settlement by lump sum agreements Lillich Richard B Weston Burns H University Press of Virginia 1975 ISBN 0 8139 0642 3 Retrieved from https en wikipedia org w index php title Lump sum amp oldid 1145109457, wikipedia, wiki, book, books, library,
