GUESSA FRANCESCA L.
GELERA
BACHELOR OF SCIENCE IN ACCOUNTANCY
What I Know
For what I know, pension is
given to a pensioner monthly.
It is what they accumulated all
through their years of
working.
Given to those children whose
parents is gone but has a
pension.
Those who retires and ages
63-65
Questions What I Learned
1. Define monthly A monthly pension payment
pension. gives you a fixed amount
every month for the rest of
your life, so you don't have to
worry about stock market
fluctuations. A lump-sum
payout, on the other hand,
allows you to choose where
to invest or save your money,
as well as when and how
much to withdraw.
2. Define dependent’s Minor children and mentally
pension. or physically incapacitated
children of a deceased
member or pensioner whose
handicap was acquired before
reaching the age of majority
are eligible for a dependent's
pension.
3. Who are entitled to Retirees still living after the
monthly pension? five-year guaranteed period,
will be entitled to a monthly
pension for life. Option 3: 5-
Year Lump sum- Those who
are 63-65 years old may avail
of a five-year lump sum. After
five years, they will receive a
monthly pension for life