Take The Lump Sum Or The Monthly Pension?

Take The Lump Sum Or The Monthly Pension?

Companies that have been severely impacted by the pandemic have turned to early retirement offers as a way to reduce their workforce. If your employer has a defined benefit pension plan, your offer may include the option of selecting a monthly pension paid throughout your lifetime or a single lump sum distribution of approximately the same value. Employers typically prefer that workers take lump…

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