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 fund pays a third of the benefit as a lump sum on retirement and the remaining two thirds of the benefit is paid out over the beneficiaryâs lifetime. A provident fund pays all its retirement benefits as a lump sum cash benefit on retirement.