I worked for 16 years for a bank and I am 100% vested in the cash pension plan. I was not very wise in how much I put into the plan (darn youth).
Currently, it says that my Pension Plan Cash Benefit is $6,000 with an estimated monthly pension play of $299.06 at age 65.
My questions (and I am sorry for the novice questions):
Will that 6K grow over time, or is a cash pension plan static after I left the company?
From time to time I get calls from the bank asking if I want to take that money out to roll into a Roth IRA, is it worth it, or should I just leave it and let the bank manage it?