Hibernation by typing sudo pm-hibernate in the console works
perfectly.
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https://bugs.launchpad.net/bugs/1300798
Title:
lubuntu 14.04 beta2, hibernate fails with
Yes, we disable hibernation by default in policykit-desktop-privileges.
LXDE's session menu needs to check whether suspend or hibernation is
possible (CanSuspend/CanHibernate) before offering it, similar to GNOME
and Unity's session-indicator. These might not be available due to
polkit disabling
