Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insightsâ¦.
Benefit Payments and Direct Deposit. When your pension begins, you receive a benefit payment each month (unless you receive a mandatory cash-out payment or you have elected a voluntary cash-out of your benefit). You can elect payment by mail or through electronic direct deposit. We encourage benefit recipients to sign up for direct deposit.
A pension is called a defined benefit because it entitles you to receive a specific amount. It is often stated as a calculation of the plan formula. For example, you may receive 1.5 percent of your average salary for the last 8 years of employment for each year you worked at the company.