I punched out in early November 2021 and AT&T uses the first day of the next month as your retirement date, so December 1, 2021. How long has it typically taken some of you to receive your Lump Sum Pension? Mine is being routed directly to my IRA. Should I expect it soon? Thanks and Happy New Year.
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Legacy T Management in Global sales for 19 years. Retired in October.
401k = $650k
Pension $825k lump sum
$1.475M rolled into Fidelity Managed IRA. Took about a week.
Legacy T with 35+ years. Mine took about 2 weeks from when I put in for it until ht was deposited in my IRA and that was for an amount near 3/4 million.
No idea, took the annuity, not lump sum.
Southwest here, 28 years, $700k, commenced on Dec 16th and deposited into my account on Jan 4th. Rolled directly into 401k.
32 years mobility -came from Cellone merger, measly $145K pension, transferred to my Fidelity account, glad to be gone
Keep in mind, there are multiple pension plans. Depending on whether you are management, bargained for, one legacy company or the other.
Me, legacy Pacific Bell, 33 years, 943k. A buddy, came from BellSouth, has a couple years on me in age and service. From conversations we've had, indirectly I've learned he makes a bit more than me.
His BellSouth pension, worth Mid 300's, so he has told me
37 years in. Started in the office, then emptied pay phones. Was a top craft outside tech for the last 34 years. Lump sum was just south of $600K At 55.
Were you craft or mngt? i have nearly 38 years and I'm a CommTech and mine isn't even $400k! wth!
Did it all online, rolled to Fidelity IRA, took about a week or two. Could be longer if moving to an outside IRA account.
42 yrs, retired at L3
" Received my $989k lump sum pension check "
Jeezus. Good for you. How many years of service? I am thankful I got in before the pension stopped completely, but I'll never get close to that amount.
just over 3 weeks
Congratulations, everyone! Enjoy your retirement.
Received my $989k lump sum pension check via USPS 18 days after leaving. Felt good!
Mine took the full 45 days.
- 5 yrs bargained 16 non-bargained - non-bargained took 6 days bargained is due 1-10 so like 6 weeks
How many years did y’all have invested
39
3 weeks once paperwork uploaded to portal. Added time for spousal consent form but relatively easy. Good luck.
I’m part of that club too. Left 9/30/21 with 41 years. Took about 3 weeks for lump sum and 401 money to arrive. Yours might be longer because the closer it got to 12/30/21 Im sure the busier it got processing retirements.
How many years did y’all have invested
Thanks all.
Grabbed mine on Oct 18. Took 6 weeks and a few days. They have to send you a package and then I had to call Fidelity NetBenefits with my decisions. The 6 weeks started from that call.
I got mine about 3 to 4 weeks after they gave me a date.
Took 3 weeks. And they mailed me a check for mid-upper 6 figures. By regular USPS.
Congrats!!!
Left Dec 3rd my non-bargained pension is already in took 6 days my bargained pension is slated by Jan. 10th
Good choice leaving Toxic T and the Stink and taking the $ and running!
You will receive an email, indicating the pension funding date. Mine is January 10th. Left December 27th