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| Author: | Gienow, G. A. Dean, J. J. |
| Title: | Pension maximization |
| Journal: | Personnel Journal
1990 : JAN, VOL. 69:1, p. 112-118 |
| Index terms: | PENSIONS INCOMES INCOMES POLICY EMPLOYEE BENEFITS SECURITY |
| Language: | eng |
| Abstract: | The pension maximization concept helps employees to realize the maximum income possible form pension benefits earned during their careers. At retirement, employees covered by a defined benefit pension plan must select a pension payout option from one of three basic categories: A maximum lifetime income that terminates at the death of the employee. A lower income that is guaranteed to continue for as long as either the employee or spouse lives. To ensure their financial security most employees ultimately select some form of the second option. |
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