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Sears Pension Plan / miss informed about the pension plan

1 United States
Contact information:
Phone: 7042267603

I unfortunately had to go out on disability after 25 years of service.once I hit age 55 I called to check out my pension.I wasn't quite sure what to do.
The sears pension specialist told me that if anything happened to Sears and they went belly up that if anything happens to Sears and they went bankrupt mind you this was in 2000 and 11 when everything went crazy that my pension would only be worth $5000.that was not true.but I did not know that at the time.she told me if I took the annuity at $250 a month that my pension would be guaranteed.I did not want to take the annuity but I was scared at that time.if I was told the truth that my pension would be guaranteed I would have never taken the annuity.about 6 months later I was talking to you with fellow Sears person and they told me that was not I called and the other employee on the other end of the phone told me that. Sears person was right that that was not true.but it was too late because I already signed the annuity.I feel I was lied to and I would like the option for a lump sum.I wrote to them and said I would be happy with 50 percent in a lump sum and the other 50% in an annuity na as much told me too bad.I really don't think this was fair $250 a month is not going to help me.even if I couldn't get the lump sum now I would wait until I was there anyone out there that can help me

Apr 26, 2015

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