If you are not aware, if you are eligible for your Sears pension but are still working for Sears, after Eddie dissolves Sears and you are still working, but for the New company, I have verified with the Pension Office that you can begin collecting your pension. Order your enrollment kit now, then sign up. You will no longer be working for any Sears affiliated company and they will allow it.
2 replies (most recent on top)
Papers came in mail today. They only state that the government took over pension fund. Period!!! The pension board will send out more info on April.
The only considerations might be:
1) Federal income tax implications when added to your full time salary
2) You might collect more if you wait, in my case waiting until age 65 was 100% of the annuity , age 64 was 95%... etc
3) Guessing no lump sum will be offered?
4) PBGC supposedly taking over administration after Jan 31... might have to deal with them and not Sears pension dept