Talking about teachers pensions.................

Looky at what made the front page over at ZeroHedge......

http://www.zerohedge.com/article/illinois-pension-fund-death-spiral-revisited-10-years-money-left

"A month ago, we discussed the death spiral that the Illinois Teachers Retirement Fund has now entered by openly commencing to sell its securities. We stated: "At this point it is too late: for TRS, and likely for many, many other comparable pension funds, which had hoped that the Fed would by now inflate the economy, and fix their massively incorrect investment exposure, the jig may be up. As liquidations have already commenced, the fund is beyond the point where it can "extend and pretend", and absent the market staging a dramatic rally, government bonds plunging, and risk spreads on CDS collapsing, the fund is likely doomed to a slow at first, then ever faster death."

I guess they don't get to retire.

Am wondering if I should go ahead, take the early out penalty, and start receiving it. I stopped working in NV in 2002, but have 10 years of contributions there.

Has anyone else taken early option to claim benefits? Is this a good idea at this time? I worry that my retirement funds will be gone before I reach 65, the age allowed to not be penalized.