Fedex Freight is merging with Express Pension????

[bacha29]

I don't think you need to worry. The pension is handled by MetLife.

You can roll it into any IRA of your choice. If it's a traditional IRA, there's no taxes or penalties. If it's a ROTH, it will count as income for the year, and you will pay taxes on it.

You can withdraw from your 401K at 55, penalty free. I can't seem to find a clear answer on whether the pension would be penalized the 10%.

Given the volatility of the markets if a person were to do a roll over to an IRA it might be a good idea for at least the short term to open an FDIC insured bank IRA or some other federally insured investment instrument.