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<blockquote data-quote="Been In Brown Too Long" data-source="post: 6053475" data-attributes="member: 32249">Kind of pays to not get sh#t canned, huh?&nbsp; I retired in 2018 with 32yrs. in. The amount they quoted me as the value of my pension was $207k. Coming up on 7yrs retired now in a few months, I&#039;m into them for more than twice that amount already. This is in the Western Conference.As to the low amount, a pension is worth far more if you complete the term vs. getting out early, as my numbers above show. $3500 does sound low though. Not only that, since you &quot;left&quot; early, you would have had to wait until full retirement age of 65 to collect penny one. I did the full requirements to retire and was able to do so at 49 years old.They rolled it into an IRA on your behalf so that you don&#039;t get hit with the 10% penalty and income taxes on that $3500. You&#039;re free to move it to an IRA of your choosing, or just withdraw the money and pay the penalty and taxes.</blockquote>

[QUOTE="Been In Brown Too Long, post: 6053475, member: 32249"] Kind of pays to not get sh#t canned, huh? I retired in 2018 with 32yrs. in. The amount they quoted me as the value of my pension was $207k. Coming up on 7yrs retired now in a few months, I'm into them for more than twice that amount already. This is in the Western Conference. As to the low amount, a pension is worth far more if you complete the term vs. getting out early, as my numbers above show. $3500 does sound low though. Not only that, since you "left" early, you would have had to wait until full retirement age of 65 to collect penny one. I did the full requirements to retire and was able to do so at 49 years old. They rolled it into an IRA on your behalf so that you don't get hit with the 10% penalty and income taxes on that $3500. You're free to move it to an IRA of your choosing, or just withdraw the money and pay the penalty and taxes. [/QUOTE]

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