Thread regarding AT&T layoffs

Minimum value segment rates question

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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Post ID: @OP+13aSQhvx

3 replies (most recent on top)

wonder how that lawsuit is going for the most recent pension buyout where att did not update their tables.

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Post ID: @1syl+13aSQhvx

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.

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Post ID: @dmy+13aSQhvx

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.

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Post ID: @hgl+13aSQhvx

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