Retirees are easily swayed by the promise of a higher return once they try to put their money on a particular investment vehicle thus pushing them to cash out their entire pension. This is not always the best move to make: investments are highly unpredictable and it can be difficult to look for one that could pay just as much, or even more, as the pension over the long term.
Remember that cashing out on a pension early oftentimes comes at a big cost. Be extremely wary and weigh your options well. The longer your life, the more you are going to miss out on the benefits of the pension if you have cashed out early.