Taxes and pension payments

Here's what you need to know about taxes and your pension, plus information on pension payments.


Pension payments

Learn about lump-sum and monthly pension payments, as well as direct deposit payment options and pension payment dates and exchange rates.

Taxes and your pension

Find answers to questions about taxes and your pension, whether you are still working or have retired.

Lump-sum pension payments

If you leave your job before you turn 55, you can transfer your pension’s commuted value to a registered retirement savings vehicle as a lump-sum payment.

Small benefit refunds

You may be eligible to receive a small benefit refund instead of a lifetime monthly pension if the commuted value of your pension benefit is less than a specific amount.