Left KPMG and was told I have a pension left there. I asked if I could rollover this pension to an IRA/401k and they said no. So I have to leave it in some kind of treasury bond...

Does no rollover allowed seem right? Any ex-KPMG aware of this? I asked again if there's really no rollover option and they repeated that it has to stay there until retirement. I didn't ask this part, but I assume I technically can cash it out (with a 10% penalty, which I'd like to avoid).

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You can cash out 401k but you can not cash out pension plan. You can cash out your pension plan at age 55. That’s the earliest age you can cash out. I confirmed this with retirement/pension team.

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Agree with KPMG 1. Money sits there. Earns minimum 5%

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Deloitte plan has an amount under which you can take payout. Otherwise it stays.

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Thanks! I couldn’t remember the amount!

Rolled over mine with PwC when I left

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Some investment vehicles have withdrawal restrictions. TIAA is notorious for these where there’s restrictions on when you can take it and how much you can have at any given time. Super annoying.

Wait a couple of months they may be giving you the option anyway.

Ey let's you rollover to IRA

Left some years ago and my money is sitting there. I get some reports once in a while about my return..

Deloitte let’s you cash out or rollover to 401K/IRA

Deloitte 1 - 100% sure. I left back in November. I got my pension package a couple weeks back.

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