Pension Question: Receive a single lump sum now, immediate monthly payments or defer payment until later?

Pension Question: Receive a single lump sum now, immediate monthly payments or defer payment until later? I received a letter from my old employer and they have announced a limited time program that allows me to receive the value of my vested pension benefits right away but I'm not sure what to do. My 3 options are as follows along with the payable amounts:
Elect to receive a single lump sum payment ($30,000) by the end of the year. Elect to immedi...

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