Answers

  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

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  • I believe that each union and each retirement system has negotiated individual policies.

    To answer your question, you will need to contact your union or the benefits coordinator.

    Requesting a pension in a lump sum is usually an option but there are real pros and cons to doing so. You can learn more about those pros and cons here:
    http://www.newretirement.com/answers/Bud-Hebeler/Lump-Sum-vs-Pension.aspx

  • Login to rate this answer:   Answered on 7/26/2012
  • Editorial 


    NewRetirement

    San Francisco, CA

    Get a FREE phone consultation
    with an advisor. Learn more...
  • Perhaps the Maryland State Retirement and Pension System web site will help answer your question:
    http://www.sra.state.md.us/

    This link has quite a few calculators to help you estimate benefits: http://www.sra.state.md.us/Participants/Members/Resources/Estimators/Default.aspx

    And the Maryland State Retirement and Pension System contact information is here: http://www.sra.state.md.us/Contact/Default.aspx

  • Login to rate this answer:   Answered on 7/26/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.