I did 20 years of hard time with my previous employer. They froze the pension plan in 2006, nevertheless, I am still eligible for a pension based on all my service up to that point.I am eligible to begin receiving a reduced monthly amount at age 55, or wait and receive the full monthly benefit at age 65.Additionally, there is an option to receive a partial lump sum in lieu of monthly payments.I have not yet contacted the company to look into the lump sum option.What are the calculations and considerations given to taking a lump sum vs. monthly benefit?Thank you in advance, RS
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