I am considering cashing out , or partially commuting my maxed out Hydro One , gov't owned electrical utility Pension(70% of wages with great benefits) . The reason is I have considerable debt and have some concern about demographics and the viability of the pension in years to come. Of any pension it should be the most solid , although it is in deficit , but Hydro says they will supplement any deficit requirements. ( The province of Ontario would likely kick in if there were a need as well) It would appear to take either privatisation of the utility and loss of our collective agreement or a financial catastrophe ie. too many pensioners? to exhaust available $ for this pension fund . I'm speaking to various financial advisors who would love to access my $950k cash available. Obviously they are biased. I have 6 options for full or partial commutes , 5 of which I retain the excellent benefits. Any advice would be appreciated. I have a $130 k mortgage , and $110 in loans, and will bring home $47 to $54 k / yr net from age 57 with income splitting and CPP / OAS DOWN THE ROAD.