Pension Plan lump sum payments, also known as “cashouts,” will decline in
2014 due to higher interest rates.  The
decrease in the lump sum in 2014 could be substantial.  You may be able to avoid the decrease by
rolling over the lump sum payment in 2013, if you are eligible.

One company, Lubrizol, has estimated the change between rolling over the
lump sum in 2013 versus waiting until 2014: 
the decrease varies between 20% for an age 50 participant to a 7%
decrease for age 65.

RECOMMENDATION:  those who are evaluating whether to roll over
their pension lump sum payments, in general, are advised to take the lump sum
in 2013 instead of waiting.  To make sure
this action is right for you, please contact your advisor.