(Mid-America Pension Rights Project): Pension lump-sum payouts and your retirement security

Via pueblo.gpo.gov

A guide for consumers considering their retirement payout options from
a private-sector plan.
Your traditional pension plan is designed to provide you with a steady stream of income
once you retire. That’s why your pension benefits are normally paid in the form of lifetime monthly payments.
Increasingly, employers are making available to their employees a one-time payment for all or a portion of their pension. This is known as a lump-sum payout option.

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