Thread regarding ExxonMobil Corp. layoffs

Can we request lump sump pension payout years later?

I left XOM quite a while back - my advice is just go for it and don't look back, XOM wasn't for me and if you're not a certain type of person, there's no reason to force the fit for yourself into its culture.

I still have my pension tied up in the xom savings plan and it's a PAIN to manage (i.e. when you need to update info / change addresses) and just want to take a lump sum now. It's a paltry sum of money, so I don't really care about any discounting math at this point, the freedom from having to update my address is worth it.

Is there anyway to request a lump sum option?

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Post ID: @OP+1a0qvjlC

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Pension lump sum only available 90days after separation, if you don’t select then you don’t get another chance if you resigned

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Post ID: @lpk+1a0qvjlC

Pension and savings plan are 2 different things.
Call XOM benefits about your pension options and your Voya can be closed out at anytime whether you take it in cash or roll over to IRA.
Good luck.

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Post ID: @yua+1a0qvjlC

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