Thread regarding Allstate Corp. layoffs

What happens to my pension if I quit

Asking for a friend. They are fully vested.

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| 1091 views | | 6 replies (last August 9, 2023) | Reply
Post ID: @OP+1nZJ7saa

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They can pay you out

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Post ID: @2eqj+1nZJ7saa

Tom Wilson uses it to buy a new tie.

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Post ID: @1cci+1nZJ7saa

Been here 15 years. I’m gettin $200 a month for life. Not enough but it may pay the light bill.

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Post ID: @1xuo+1nZJ7saa

Chat told me I can take it out as a lump sum if I leave the company (with tax penalty of course). You can also roll it into your 401k or ira.

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Post ID: @1lnt+1nZJ7saa

I rolled mine over to a financial advisor.

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Post ID: @fdv+1nZJ7saa

You can claim it when you are retirement age or get a cash out or roll it over to something else. You should do a chat with the HR vendor and get specifics.

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Post ID: @huc+1nZJ7saa

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