I just filed for unemployment benefits and i
am also considering cashing out my pension.
If i do will i still be eligible for
But before you cash out your pension, consider the consequences. You'll pay lots of taxes on it (maybe 25% to 35%) and you'll spend it and won't have it as a cushion when you retire. Trust me, social security is NOT enough to live on.
Give serious consideration to rolling the lump sum into an IRA.