How much lump sum amount would a government employee get if they retire after completing 30-year service. The government ...

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

collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are the format that most people associate with pensions. However ...

It's a common lament that old-fashioned defined-benefit pensions—the kind that pay a guaranteed monthly income for life—are rare nowadays. And for public-sector employees, they might become ...

Q: I’m 53, and many years ago I worked for a company that is scheduled to start paying me a pension when I’m 65. This company just now contacted me and offered to give me a lump sum today, or ...

Often, the decision to take a pension annuity option over an available lump sum option rests on which ... historically pensions have used 4.5% to 7.5% to calculate their projection of benefits ...

If you’re fortunate enough to have the luxury of choosing between a lump sum or monthly pension, consider yourself lucky. These days, pensions of this nature are becoming increasingly rare, and for ...

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.

you'll avoid the temptation to run through your pension stash. But there are other factors to consider, too. For more see What are the advantages of taking a lump sum?

Pensions provide additional income that can help you in retirement, but most of these plans force retirees to make a big choice: receive a lump sum right now or monthly payouts for the rest of ...