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2. Lump sum payout vs. annuity from a pension: How to decide - AOL

   www.aol.com/finance/lump-sum-payout-vs-annuity...

   A lump sum could be a good choice if you’re dealing with serious health issues or if you and your spouse have enough income to comfortably meet your monthly expenses in retirement. 4. Your risk ...

3. Types of Pension Payouts: Lump Sum vs. Monthly - AOL

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4. Should I Take a $150,000 Lump Sum or $1,200 Monthly ... - AOL

   www.aol.com/finance/150-000-lump-sum-1-132703296...

   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 ...

5. Pay-as-you-go pension plan - Wikipedia

   en.wikipedia.org/wiki/Pay-as-you-go_pension_plan

   A pay-as-you-go pension plan (also called a "pre-funded pension plan") is a retirement scheme in which a contributor can either have a regular contribution deducted from each paycheck or make a lump-sum contribution to a retirement fund. [1] With such a plan, the contributor decides how much to contribute to the fund and chooses how it is invested.

6. Pension - Wikipedia

   en.wikipedia.org/wiki/Pension

   The final accrued amount is available as a monthly pension or a lump sum, but usually monthly. In the US, 26 U.S.C. § 414(j) specifies a defined benefit plan to be any pension plan that is not a defined contribution plan (see below) where a defined contribution plan is any plan with individual accounts.

7. Defined benefit pension plan - Wikipedia

   en.wikipedia.org/wiki/Defined_benefit_pension_plan

   Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...