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re: Cashing out retirement pension - Options

Posted on 8/22/23 at 10:25 am to
Posted by BayouBengal23
BR
Member since Mar 2019
575 posts
Posted on 8/22/23 at 10:25 am to
quote:

My guess with him working a "few years" and only having $13k in the system, he's not eligible for any payments.


That is correct. Only after 20 can you do that.
Posted by Halls Hair
Huckleberry Farm
Member since Jul 2022
144 posts
Posted on 8/22/23 at 11:22 am to
What state? In Louisiana, you vest in 5 years in TRSL and can draw at age 60 (or 62 depending on exactly when you started).
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