Although pensions are less common as an employer benefit, if you have one, understand all the options before deciding how to receive your pension payment. Make sure you have a full understanding ...

When your job offers a defined benefit plan, better known as a pension, you generally have two ways to receive that money in ...

Pension plans typically offer two disbursement options: an annuity, which provides steady payments over time, or a lump-sum payment. Each option has its pros and cons, and the best choice will […] ...

Lump-Sum Option . A lump-sum payment puts the responsibility and the risk on you. You get the total pension amount that is reserved for you based on your life expectancy.

Choosing a payout option that includes spousal benefits would result in a reduced pension payment of $2,900 per month. With a 2.5% COLA that check will grow to $5,245 per month on the 25th year ...

Option 1: A lump sum payment in cash. Cash balance participants may consider taking a lump sum payment from their cash balance pension. However, the entire payment is taxed as ordinary income ...

88-year-old retires and lives on cruise ship 04:26. If your Social Security income alone covers these expenses, you may not need the monthly pension. In this case, you could elect the lump sum and ...

"You have the option to take a deferred pension if you (retire) early, prior to 62 or full retirement age," Crawford says. "Otherwise it's cut in stone. All you can decide is when to retire." ...

SAN DIEGO — Big changes could be coming this week to San Diego’s plan to pay off its mounting $3.4 billion pension debt, which is threatening to cripple city finances and force deep budget cuts.