Retired Ford motor hourly...Sell My pension.
by Roderick jones
I've been retired from Ford motor co. about seven years..my question is can I sell the remainer of my account for a lump sum??And what would be a fair offer? I recieve just over 2600 a month after taxes.
Most people could only dream to have your pension... why on earth would you sell it?
You can't sell it, of course, its based on your service, your life expectancy and will be paid for your life. IF you took a survivor option, then your beneficiary will receive a pension for life (50%, 75%,100% depending on the option elected).
You have the world in front of you, you have a lifetime income coming in - whether you sit back and enjoy it, or whether you work to double dip (pension and wages) and earn/save even more.
Hope this helps!