The Unified Pension Scheme (UPS) for central government employees, commencing from April 1, 2025, ensures assured pensions, family pensions, and lump sum payments based on basic pay and Dearness ...

Lump Sum vs. Monthly Payments A pension beneficiary who is offered $250,000 in a single payment in lieu of $2,750 monthly payments for life can start by calculating the potential cumulative value ...

The $3,000 monthly pension amounts to $36,000 per year, which is about an 8% return on the $450,000 lump sum. This guaranteed income would be stable and unaffected by market fluctuations.

When preparing for retirement, one of the biggest financial decisions you may face is whether to take a pension as a lump sum or opt for monthly payments. This dilemma recently came up on Suze Orman's ...