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<blockquote data-quote="falcon back" data-source="post: 4957596" data-attributes="member: 81520"><p>That subject was discussed in length a while back.&nbsp;&nbsp; Once you retire you have a choice to make regarding your pensions.&nbsp; You can either begin drawing them when you retire or you can wait and draw them at a later date.&nbsp; If you begin drawing them right away,&nbsp; the amount you will receive is the what your Traditional was the day you enrolled into the Portable.and your Portable lump sum will be what it was the day you left the company.&nbsp; For every year you WAIT before drawing your Traditional, the payment increases by 10% and your Portable lump sum increases by the 4% that it does now.&nbsp; There are no more deposits into the Portable but you still get the 4%.&nbsp; &nbsp; There are risks in waiting because you could die early and not take advantage of the increased amount but in my opinion,&nbsp; it&#039;s a risk worth taking.&nbsp; Just like waiting on Social Security, there is a 8% yearly increase by waiting on drawing it after 62.&nbsp; &nbsp; If you look on the Retirement website,&nbsp;&nbsp; there is a very small paragraph in the KEY DATES section of the rules.&nbsp;&nbsp; It vaguely explains the increase you receive by waiting and doesn&#039;t tell you by how much.&nbsp; For that,&nbsp; you will have to use the chart that is available to &quot;calculate your pension&quot; and put in different dates that you wish to start the pensions after you retire and you will see the increases.</p></blockquote><p></p>

[QUOTE="falcon back, post: 4957596, member: 81520"] That subject was discussed in length a while back. Once you retire you have a choice to make regarding your pensions. You can either begin drawing them when you retire or you can wait and draw them at a later date. If you begin drawing them right away, the amount you will receive is the what your Traditional was the day you enrolled into the Portable.and your Portable lump sum will be what it was the day you left the company. For every year you WAIT before drawing your Traditional, the payment increases by 10% and your Portable lump sum increases by the 4% that it does now. There are no more deposits into the Portable but you still get the 4%. There are risks in waiting because you could die early and not take advantage of the increased amount but in my opinion, it's a risk worth taking. Just like waiting on Social Security, there is a 8% yearly increase by waiting on drawing it after 62. If you look on the Retirement website, there is a very small paragraph in the KEY DATES section of the rules. It vaguely explains the increase you receive by waiting and doesn't tell you by how much. For that, you will have to use the chart that is available to "calculate your pension" and put in different dates that you wish to start the pensions after you retire and you will see the increases. [/QUOTE]

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