Local 705, 2023-2028 contract?

hondo

promoted to mediocrity
What’s that “lump sum” language listed at the top?

Trying to decipher that myself
Partial Lump Sum Option: among the various scenarios to consider, one may elect to receive a  partial lump sum payout, with a reduced monthly benefit.

Why? Why not?!? Treat yourself to a new car, boat, or RV. Pay off your mortgage. Kid's college tuition. Maybe buying an annuity or life insurance makes financial sense at that time, or an investment...
 
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Coldworld

60 months and counting
Took another thousand from the west?
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DOK

Well-Known Member
Partial Lump Sum Option: among the various scenarios to consider, one may elect to receive a  partial lump sum payout, with a reduced monthly benefit.

Why? Why not?!? Treat yourself to a new car, boat, or RV. Pay off your mortgage. Kid's college tuition. Maybe buying an annuity or life insurance makes financial sense at that time, or an investment...
How much does that then lower your monthly benefit? Have any examples?
 
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