In the old pension scheme (OPS), a government employee gets an assured pension, but if they want, they can commute their ...

Deciding between taking a lump sum or monthly payments involves assessing a number of factors, including some that are ...

National Pension System (NPS) provides a monthly pension when you turn 60. If you are 40 years old and want a monthly pension ...

Royal London also found that nearly 1 in 12 (8%) took their tax-free cash lump sum within six months of their 55th birthday, which is currently the earliest age at which most people can access money ...

When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment ...

which is the life expectancy Social Security’s calculator assigns to a 65-year-old male. In this situation, the monthly pension benefits total $208,620, slightly more than the $200,000 lump sum.

The retirees have been engaged in court battles with the trustees of the scheme for decades over their pension dues, which ...

Add the basic pay and dearness allowance (DA) to calculate the total emoluments ... based on the number of months for contribution to an individual's pension corpus. NOTE: No lump sum will be payable, ...

The Pensions Ombudsman (TPO) has upheld a complaint against the South Wales Fire & Rescue Authority and Rhondda Cynon Taff County Borough Council for maladministration ...

Equity release can give older people financial peace of mind or the funds for a more comfortable retirement but be careful of ...

It is important to ensure employees are aware of relevant benefits as early as possible so they can prepare for retirement.