my wife will have to retire in two weeks she is 51, and has enough time to get her health benifits, 402k and pension. shes going to roll over the pension, but we wonder about the pension? they said she will get 980.00 a month for the rest of her life, how will that be taxed? she dosent really want to go back to work full time, not to mention here in the detroit area, there probably isnt any jobs anyways. can she work part time? will they tax the pension money to nothing since she only 51.