I'm moving to a different state and because I work for the state government I get a pension. Since I am working for a new state government I do not get to buy back any time, so I have to start from 0 to earn a full pension at my new workplace... not a big deal, I was planning to work 25ish more years anyway.
I am vested in my current pension so I get my contributions plus my employer contributions. It's approximately $152,000. This is not a 457, but a "typical" government pension.
Because I would have to wait until I'm 60 to draw the state pension I earned, it would be worth something like $400 (assuming inflation halves it) per month.
I was considering taking it out and rolling it into a 457 plan in the new state so I do not incur penalties and fees. I'd probably invest it in a T Rowe Price Blue Chip value fund or Vanguard 500 admiral shares.
Does taking it out and re-investing it sound better than leaving it?
Finance was like "I can't offer you suggestions but I'd leave it..." which wasn't too helpful since they didn't run numbers or do anything. And if I stayed a full 30 the pension would have been amazing but life changes things, so... *shrug* There is the potential for much higher gains but also losses versus a guaranteed pension.