Pension vs. Lump Sum Payout 

Many retirees face similar dilemmas with the pension or lump-sum decision driven by corporations trying to reduce debt. Is it better to let your old employer manage your pension money or to let you handle it? The choice you make is a potentially life-changing decision. In addition, it is often made in haste since employees often don’t have much time to decide, and many do not have access to objective financial advice. These decisions are typically irrevocable.