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Message: <blockquote data-quote="Oldfart" data-source="post: 2980961" data-attributes="member: 64407">The lump sum option is quite a bit smaller for me.  I believe about 5 years of monthly payments.  I believe you need to look again at the various monthly options.  I only lose about 200 a month if I go the 75/25 option and about 300 if I go the 50/50 route.   Why they call it 75/25 and 50/50  I am not sure.  It is closer to 90/25 and 75/50.  For me, my pension is just a suppliment to my retirement.    Like you mentioned, a properly funded 401k will be the basis of my income.  Drawing off 5 or 6% while continuing to earn 4 or 5% will allow me to replace 85 to 90% of my working income and still leave a chunk to the kiddos.</blockquote>