Has anyone noticed the falling gatt rate. Lump is 125k more with this rate vs VSP.
10 replies (most recent on top)
With 30 yrs your monthly pension is $2,680 thats cr-p thanks CWA 2010 to 2016 pension was frozon and the union said everything stayed the same.we got royaly screwed you lost close to.... 500 a month.what were they smoking during that contract
Dont need one. Lump sum keeps going up in addition to 100k+ a year till 2023. Smarter to stick around. Hows your pension doing troll?
where is this so called buyout or eisp?
Remember...it’s the higher number of GATT or PBGC, of the quarter PRIOR, middle month.
So the Nov rate for quarter Oct/Nov/Dec for Jan. Feb for Apr/May/Jun. May for Jul, Aug/Sept. August for Oct/Nov/Dec.
It's not surprising the pension estimator can't handle a PBGC of 0%. I don't believe it's happened before. Should make for a sweet lump sum in January though!
The PBGC will amazingly be ZERO come January 2020 but the pension estimator does not recognize 0. I still haven't taken my lump sum when VSP'd in June. I was waiting on the potential rate decrease... very fortunate.
That said the PBGC rate at .5 is still the winner. Let's see what happens 1st quarter 2020. It will likely be even better.
Lump is 125k more..well that's my EISP oh that and 6 more weeks of pd vac on top.
While you are correct about the GATT decrease the real reason the balances are so high is the PBGC is down to 0.5. Do a modeling and it will show the winner of the three indices used.
GATT Mine!! Though I bleed flagger “orange”, if we can get a nice craft “golden parachute” , pretty sure I will pull the cord and jump into retirement. If we don’t, I can stop and wave cars on for another 4 years.. # resist Fios