The House of Representatives has approved the new pension choice ‘lump sum’. Although we informed you earlier that this new pension choice was postponed to July 1, 2025, we now know that implementation is not expected until July 1, 2026. The House of Representatives has approved the new pension choice ‘lump sum’. Although we informed you earlier that this new pension choice was postponed to July 1, 2025, we now know that implementation is not expected until July 1, 2026.