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.
1 A provident fund reserves benefits for payment upon retirement, whereas a pension fund pays a third of benefits at retirement, with the rest paid throughout the lifetime of each member. 2  An employee and his or her employer must both complete a withdrawal form in order to claim benefits.