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re: Pension from last job, what should i do with it?
Posted on 1/17/20 at 7:39 pm to Relham10
Posted on 1/17/20 at 7:39 pm to Relham10
You could get 12k now or $64/month when you reach retirement age (presumably 55 or 60 something)? Or is it 12k lump sum when you reach retirement age?
Usually when you leave the company, they will inform you of the pension and you sign papers telling them if you want a lump sum or not at that point. I guess that didn’t happen. I’m not sure a lump sum option now is still available.
quote:
I worked for a company about 5 years ago for 2 years. Apparently i had a pension but just found out about this 2 or 3 months ago
Usually when you leave the company, they will inform you of the pension and you sign papers telling them if you want a lump sum or not at that point. I guess that didn’t happen. I’m not sure a lump sum option now is still available.
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