When an executive is faced with a pension decision, they’re making an irrevocable choice.  Most executives will admit they don’t want to “blow it” and make the wrong decision.  Often, they’re overwhelmed by the plethora of election options within the plan.  When a company makes changes to its pension plan, this can throw a monkey wrench into the executive’s already well-thought-out timing strategy.  Pension Planning is the process of comparing various pension election choices in order to determine an optimal strategy for the future.