Do anyone know if you can change the way you receive your pension payments.?

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Do anyone know if you can change the way you receive your pension payments.?

If a person decides to take their pension in monthly payments, can they change to have it put into one lump sum?

2007-11-25 15:21:59 · 3 answers · asked by Big Red 1 in Business & Finance ➔ Personal Finance

3 answers

That answer is up to the pension administrator (and often spelled out in the pension guidelines). Truly, a call to the administrator will answer your question quickly. The phone number is most likely on your most recent statement.

2007-11-25 16:48:30 · answer #1 · answered by jon b 4 · 0⤊ 0⤋

depends on your plan but most plans once you decide which way you want to go that is the final word on the subject!!!

2007-11-28 15:02:43 · answer #2 · answered by mister ed 7 · 0⤊ 0⤋

Usually not, but it could vary from one place to another.

2007-11-26 00:38:46 · answer #3 · answered by Nelson_DeVon 7 · 0⤊ 0⤋