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 ...

A Michigan House committee on Thursday advanced legislation that would expand pension options for public school employees and ...

I began this article by suggesting that the decision to take a pension annuity payment over an available lump sum option often rests on which option provides the greatest income. But when you add ...

If the pensioner dies a month after the pension begins, the payments will end. The spouse must sign a consent form for the single life benefit option, due to a rule mandated by the Retirement ...

Getting the lump sum payout sooner increases the lump sum’s value, while living longer and receiving more monthly payments increases the pension annuity option’s value. Important ...