Thread regarding Verizon Communications Inc. layoffs

Age 51 & 25 years pension lump sum amount?

My numbers won't align until a few weeks after the current contract expires so I can't pull it up in Benefits Connection. Anyone close to this able to look it up and let me know, please?

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Post ID: @OP+1biXwFXK

7 replies (most recent on top)

Pension is garbage here 2010 to 2016 pension band was frozen and the union said nothing changed..we got screwed

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Post ID: @4evx+1biXwFXK

Should be between 1.4 - 1.5 Million

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Post ID: @3ssu+1biXwFXK

Should be around $460,000 lump.

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Post ID: @2dgx+1biXwFXK

Lump sum also takes into account the actuary tables . If you are union, your pension amounts are determined by the pension band you are in

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Post ID: @2auy+1biXwFXK
  • 55 plus 20 is approximately $1380/mo for 50-50 survivorship, about 1600 for no survivor...30 years is about $2200/mo for no survivor. I would approximate it to be somewhere around $1900 a month for no survivor. As far as lumpsum, 55-20 is about 400k, not sure about 51-25.

It sucks there isn't a chart or something we can look at.

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Post ID: @1gru+1biXwFXK

Somewhere between between 500k -600k. Experienced guess

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Post ID: @gny+1biXwFXK

$50. Woohoo I'm rich!

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Post ID: @cqi+1biXwFXK

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