How should I use my employer pension?

• Steady Paycheck:  Employer pensions provide a steady “paycheck” for your retirement, in the form of an annuity. Be sure you understand the terms of accepting early retirement incentives and lump-sum payouts in lieu of the annuity.
• Lump-Sum Option:  If you take a lump-sum pension payment from your employer, resist the temptation to spend it! Instead, invest it carefully.
• Protect Yourself From Inflation:  To protect yourself from inflation, set aside some of your pension benefits to ensure you have enough money for your advanced elderly years.

More about Pensions

• Defined Benefit Plans
• Payment Options