are the minimum value segment rates posted for 11/19 the locked in values for all of 2020 or is it subject to change month by month as the rates for 12/19 went down again. If you were to retire by the end of Jan. Would the December rates be applicable or Nov.?
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wonder how that lawsuit is going for the most recent pension buyout where att did not update their tables.
The rates are good for all of 2020. I am already retired. I am going to take my lump sum in 4Q-2020. I do not want the rates to revise before I take it. The Dec 2020 rate expires in 2020. End of Jan will be using the new rates that are not known until mid-Dec. The pension rates are based on what the Fed does this year. If the Fed lowers them again in 2020, your pension will be worth more.
It usually takes 45-60 days to get the lump sum. Someone told me that its taking longer now and that you have to collect it by Sept 1 to get it with the 2020 rates. I am going to confirm with Fidelity soon.
According to the Summary Plan Description, the November rate is used for the following 12 month calendar year, even though the IRS updates the rates monthly.