When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

Monthly Pension Calculations: Monthly pension is an important source of income for state and central government employees post retirement. Most of them follow New Pension System (NPS), a lot of them ...

Many are likely to be maxing out free extra contributions from employers which offer to pay in a higher percentage of your ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump sum, ...

Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly pension benefits for life. Making this decision involves evaluating a number ...