Bütler, Monika (contributor); Teppa, Federica (contributor) - 2005
% from age 55 onwards), but the pension fund can deviate from this pattern as long as
the same contribution rate is attained …-long annuity — this is the standard option — or as
a lump sum (or a mix of the two), provided that the pension fund allows for the … lump sum capital payment is converted into an annuity
stream, using the conversion factor provided by the pension fund. The …