"Pension payouts" refers to the money that retired individuals receive from their pension plan. It is the regular income they get after they stop working to support their living expenses during retirement. Full definition
Customers from the age 30 - 85 can choose to opt for the plan and decide the duration of pension payout, Be it monthly, quarterly or annually depending on their personal preference. (policyx.com)
He says without changes in rules regarding pension payouts, union contracts and other issues, counties face a $ 4.2 billion dollar budget deficit by 2020. (wxxinews.org)
Pension payouts now account for about 15 percent of the district's personnel spending. (b4njkids.org)