re: Pension Lump sum question

quote:

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Your LS pension payout should be significantly larger at age 65 compared to age 60.

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The cash value pensions that I have seen don't work that way.

It will be larger. But only by how much compound interest it earns (often at treasury rates).

You are thinking of a defined benefit plan and the value of deferring retirement (at least in my experience, that is what you are thinking).