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Can we elect a reduced pension at retirement with a lump sum payment option?

April 26, 2017lump option payment Pension reduced retirement

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Can we elect a reduced pension at retirement with a lump sum payment option?

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CORP now has a Reverse DROP program. However, you cannot elect this payment option until after you have 24 years of credited service. Your pension is reduced and you are paid a lump sum at retirement. Please see our website at www.psprs.com for additional information.