Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
The questions that arise from your post are a few, bu the most important one has to do with the pension plan itself.
Was there a change to the plan in recent years, or are there talks about coming changes?
The advantage of doing this are that you lock in the pension amount and start collecting earlier. The disadvantage is that you loose potential growth within the plan over the next few years. What does that growth look like for you?
As far a spouse pension benefits , The depends to a great extent on the ages of you an spouse. Again you need to know the plan specs for how it will affect you.

Next, Are you sure they would take you back at current salary and other benefits?

How would this affect Medical Benefits, Insurance Benefits, 401K benefits?

If these other coworkers are 65 they go on Medicare for medical. You can’t do that.

Could you get another job in todays job market, in the same salary range? Lot’s to think about.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.