Two things come to mind immediately:
1. A question of this magnitude deserves a carefully researched and knowledgeable answer from a CPA or investment advisor with respect to the tax implications, future growth capacity of the pension funds, and your long term financial goals. Probably better to pay for advice than ask an internet forum for opinions.
2. To offer an opinion anyone would need a lot more info such as your age, what type of pension, what types of debt, home price / rental income, tax information, etc.
So I guess if you want an answer it would be NO don't do it until you understand all the implications. I know Suze Orman says NEVER, NEVER, NEVER touch a 401K / Non-ROTH IRA to pay current debts if you are not retired already.
Just did spell check and found it funny that they want to replace Suze Orman with Suez Roman.
Starting Score: 500's
When you say selling your pension off if you are talking about one of those plans where they provide cash up front for forfeiture to them of your long term obligation I would tread very carefully. Especially if your wife has survivors benefits tied to your pension. Again I would seek professional advice instead of trying to figure it for yourself. Unless your education and background is in finance.
I have a good friend who is a CPA / MBA and probably some other letters I'm forgetting. I run all my best financial ideas by her. She points out the (sometimes fatal) flaws in my plans.