Chicago's Acting Chief Financial Officer Steve Mahr said he expects the so-called “D.R.O.P or deferred retirement option” to ...

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 ...

If you have a pension plan coming, knowing how to receive it is critical to successfully spending the money. There is no question that deciding between a lump sum and a monthly annuity payment depends ...

Discover how the pension recalculation date determines lump-sum pension offers and how it's calculated, along with why the timing can affect the total payout.