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Taking a lump-sum payment upon retirement is a huge mistake
Government
supplemental
benefits will skyrocket
“45% of all individuals who received pension benefits for the first time in 2024 opted for a lump-sum payment; another 19% chose a combination of an annuity and a lump sum.” These figures reveal more than just a shift in individual preferences: they mark the beginning of a social policy problem whose costs will only become apparent over time.