Getting laid off - Pension??

[anonymous]

I was separated in 2014. I had 15 years with the company and had just turned 50. I was bridged to retirement which means I got the 5 years credit for a 20 year pension. I have not spoken with the company that manages the pension since 2014, but my understanding is that at the age of 55 I can take my lump sum payout. It will be less at 55 vs. waiting till 62, but the difference is 3% per year. Most financial advisors will tell you that you are better off to take the hit and take the money early because if you are a good investor then you will do better than the 3% per year loss. This information came directly from the company that manages the pension vs Merck HR.

this is good information and what I did too...Not to mention sleeping better knowing that Merck doesn't
have and additional 7 years to try and screw you somehow...