Eläkesanasto Ordlista Pension Glossary

lump-sum payment

A lump-sum payment of your pension is when your pension is paid in one installment. In that case, you are paid the total pension amount that you have a right to until you reach the end of the estimated life expectancy of your birth year or until the benefit comes to an end. Lump-sum payments are made in old-age, survivors’ and full disability pensions. Your pension is paid as a lump sum if your pension amount is small.

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