You can usually take some of the fund as a lump sum but the rest must normally be used to buy an annuity.
BBC: HOW MUCH MONEY WILL YOU NEED?
The rest, the restructurers assert, is a muddle worth less than the sum of its assets.
ECONOMIST: The fizz biz
Ford Motor said Friday it will offer 90, 000 of its retired engineers and office workers the option to accept a lump sum payment now and to forgo their regular monthly pension checks for the rest of their lives.
FORBES: Ford Offers Retirees A Bag Of Cash To Go Away
About half of that sum is expected to be real spending, the rest in the form of raising loan limits on local governments.
CNN: NEW EYE OF THE STORM
That sum will keep the League One club going for the rest of the season.
BBC: Mostyn named sole Cherries bidder
This would actually be a huge sum of money, and has raised eyebrows in the rest of the country.
BBC: Oil wealth: An unequal bounty
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