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.
Self-Directed Defined Benefit Pension Plans. A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $1,000 per month at retirement. Or, more commonly, it may calculate its benefit through a plan formula that considers such factors as salary and service.