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May 2002, Vol. 125, No. 5
An analysis of lump-sum pension distribution recipientsJames H. Moore, Jr.
Leslie A. Muller
Economist, Office of Policy, Division of Policy Evaluation at the Social Security Administration.
According to data from the Survey of Income and Program Participation (SIPP), most recipients of lump-sum pension distributions “roll over” at least part of their lump sums; those who spend theirs typically do so to pay off debts, purchase other items, and cover everyday expenses
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