I recently discovered that I have a retirement plan that is a pension plan which I was vested in from a prior employer. I didnt know the plan still existed as I left employment with this large firm back in 1995. The benefit statement says that I will not be eligible until age 60 to withdraw funds and then will only get approximately $300 monthly. But can settle for a lump sum of about $50k at age 60.
I am 51 now. Is there any way to access these funds now or roll the account over to one in which I could access any or all of these benefits? I was told by the firm that I could not but am not too sure. Due to medical issues, a disabled adult child and husband with recent kidney failure, these funds would make a big difference now.