I've been working at the same company for 2.5 years and finally, a few days ago, I discovered that we have a pension plan (in addition to the 401K plan). After 3 years at the company (in Feb.) I'll become vested and logging into the site I found it'll have a cash value of $6K or so by then.
Obviously I'm pretty pleased with this, found money is the best kind of money. I don't know anything about this money though, and can't seem to find to find anything by googling (I don't even know enough to know what to search). The thought that anyone might have a pension for me has truly never occurred to me. It seems like taking the lump sum in cash is the clear choice, but is that taxable? Can I roll into an IRA (either a normal, after paying tax, or a Roth, before paying tax)?
Thanks for any info anyone has