If you leave Allstate, cash out your pension as you leave as you cannot trust these crooks…Your pension is only a “promise” to pay….don’t trust that Allstate May break this promise to save some bucks somewhere down the road……
I would not put it past Allstate to try to get out of pension commitments at some point as other companies have done leaving people with a fraction of what they are owed…
Glen, Tommy and the gang will always be looking for things to cut and I am sure that the pension will be on the hit list at some point….
Take that money the earliest that you have the chance and get the dollars in your hands…If you wait, don’t trust that Allstate may not pull a fast one.
Remember, there is a reason why they tried to strong arm employees into giving up their right to sue the company and the last 10 years has been nothing but layoffs and one takeaway after another…
Protect yourself because this sleazy operation certainly is not going to do it…
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Roll your pension over into another qualified plan to avoid a huge tax hit now and lost investment income. Talk to a wealth advisor from a reputable company.
Just move it to a sound pension plan somewhere else so you can continue to grow it.
I cashed out on my pension when I got laid off. They would steal money from their own parents.