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Subject:  Re: Cashing out Pension to IRA? Date:  1/1/2004  2:36 PM
Author:  jtcnet Number:  38334 of 78168

1) Interest rates are low right now - what this means is the lump sum payout is generally higher than it will be if the interest rates rise (which they will do some day).--Jim Could you please explain this one better for me? I do not understand. Thanks!! sharon

Generally, a pension first calculates the monthly payments based number of years of service and