Although I keep track of my projected small pension about $1000 which would start at 65, I have not yet included it in my retirement assets because I am not sure if the it will be there in 9 years.
But I have a couple questions,
Can the monthly payments go directly into a tax deferred retirement type account?
Since most of us are ER'd prior to the start of the benefits, are the payments for most pension plans inflation protected up the age of 65 similar to SS?
I already know that at 65, my pension amount will be fixed.
I hope that I will have the option to take a lump sum amount as well.
Only the principal owner and trustee can answer these but I would rather not ask any retirement related questions for another 8 months.