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2. The Smartest Way to Invest a Lump Sum Pension Payout - AOL

   www.aol.com/invest-lump-sum-pension-payout...

   A pension plan promises to pay a defined benefit for the length of an employee's retirement. Depending on your financial circumstances, you may consider taking a lump sum instead of a lifetime ...

3. Should I Take a $150,000 Lump Sum or $1,200 Monthly ... - AOL

   www.aol.com/finance/150-000-lump-sum-1-132703647...

   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 ...

4. What are pension plans? - AOL

   www.aol.com/finance/pension-plans-181440876.html

   Pension plans operate on the principle of accruing benefits over an employee’s career. During their employment, the employer contributes to the plan on behalf of the employee. The money is then ...

5. Defined benefit pension plan - Wikipedia

   en.wikipedia.org/wiki/Defined_benefit_pension_plan

   Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...

6. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   When the interest credit rate exceeds the mandated section 417(e) discounting rate, the legally mandated lump sum value payable to the employee [if the plan sponsor allows for pre-retirement lump sums] would exceed the notional balance in the employee's cash balance account. This has been colourfully dubbed the "Whipsaw" in actuarial parlance.

7. Employee Retirement Income Security Act of 1974 - Wikipedia

   en.wikipedia.org/wiki/Employee_Retirement_Income...

   The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...

8. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   A lump-sum payment. ... Not all retirement plans allow for 401(k) loans, but if yours does, you could be eligible for a loan of up to 50% of your vested balance or $50,000, whichever is highest ...

9. Defined contribution plan - Wikipedia

   en.wikipedia.org/wiki/Defined_contribution_plan

   A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.