Originally Posted by dwk
After discussing my wife's case for social security disability for three years, she finally received a favorable decision. Prior to her becoming ill, she worked as a nurse at a local hospital. My wife is 53. Is it necessary to wait until she is 59 to start receiving her pension? Ideally, I'd like to take it as a lump sum and invested in an appropriate fund.
You need to discuss this with the HR folks where she works. e.g. my company will allow a reduced pension between 50 and normal retirement age for health reasons. Also, I pay disability insurance through the company which pays full pay for 6 months, then 50% for another 12 months, so if I was in a similar situation I would do the math since the reduced pension is lowered based on the number of years away from 62, so running out the disability insurance cover may well be more cost effective.