Q. I have worked 33 years in health care. My agency is asking me to resign. Does this affect my pension?
A. No, it won’t. If you are already old enough to retire on an immediate annuity, you can do that instead of resigning. If you aren’t old enough to retire on an immediate annuity, you can refuse to resign and let them fire you. If they do, because you have at least 25 years of service you can apply for a discontinued service retirement. Under either scenario, you’ll be able to continue your health and life insurance coverage.