4 years at the firm, any way to cash out pension when leaving?

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I think it may differ firm to firm. Hearing mixed things, but would be nice to cash out

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You need to call the number in the plan document and they will be able to give you all the information you need.

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Y'all get a pension instead of a 401k?

We get both

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I don’t think you are vested until 5 years.

I am. It depends on when we started - I started post 2008 so our vesting period is 3 years

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Only way I’ve heard to cash out on your pension is going to work for a client or an affiliate. It would trip independence if you had any ties back to the firm, so they would have to pay you out

That is incorrect. I cashed out my pension (DBO) when I left. It was a nice check. 😇

I asked before and was told that we’re not allowed to cash out/ get a lump sum until age 60.

EY had a DBO and a DC (cash value) while I was there. I only got paid the DBO. With that said, no one told me I could get it. I had to go find it hiding buried in the benefit website after I terminated. So people may interpret not being told with unable to.

Partner pensions are completely different. I have only heard of those cashing out in the case of active independence violations. I.e. becoming a board member of a client after retirement.

I think you have an option to leave it KPMG, roll to an IRA or cash it out. If you cash it, subject to 10% penalty and the whole amount becomes taxable. Again, this is what I heard from other people.

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