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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.
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