Call the useless pension department ( if you can find their phone number )...it'll take them about a month to answer your question.....just like everything else at novartis..f'd up !
Go into Benefits and look at retirement, and then open "project retirement benefits." Put in your senario, and then it will show you how you can be paid, and what amounts. You get to choose. There are lots and lots of choices. Or......take a lump sum.
Spot on!! I have been collecting my pension the first of the month since Feb of last year, just as my downsizing began. With a net of over $4500 per month, it really supplements any other earnings you may have. Just have your financial advisor direct you on whether a lump sum is better than a monthly payout. This is the only secure payout you can expect from this company since it has to be put into a guaranteed fund. Make sure you have taxes taken out if you are working full time like most of us