Yea. after 10 years of service requested to collect pension and the only option is an annuity payment. No lump sum
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only option is single life annuity
Nope, I have $10M inherited, still work at T and still on this forum....My T salary goes to charity. You heard that right and I don't advertise.
Let’s be clear
Wanna bet?
Let’s be clear for anyone confused, no one with an account balance of 2+ million is still wasting time on this forum.
took 288,000 in pension lump sum. just looked today it is at 2.2 million.
still working and enjoying life and my job. looking forward to retiring in 6 to 8 years just depends how I feel.
leaving att was the best decision I ever made.
@apa here.
Checked account balance and I was wrong. Today's balance is now $$12.65 Million.
Sorry. I took the lump sum.
Most people on this board think there is only one pension.
That narrow perspective will work well in our new smaller company.
" Interesting. I hadn’t heard that this has changed."
Because it hasn't. Stop being so gullible.
Wouldn’t be surprising as a cost saving measure. Forced VAX then switch to annuity only equals big savings down the road. Just like social security just saved a bunch of money.
In management it varies by legacy company. BellSouth and Mobility have lump sums.
I retired 15 years ago as a Director age 48 and received 2.9 million lump sum, and yes I stayed at a Holiday Inn Express last night
I retired 18 years ago at 49 as a 3rd level and received $2.2Million.
Today it's worth $$12.4 Million. I'm happy. Sure glad that I didn't take the annuity of $36k per year.
Fake post. So many trolls here.
Vesting for pension was only 3 years. You don't get much for it but it's there.
No one with only 10 years has a pension. This is fake post
41 years in - craft - lump sum is still an option for me
- 2 million was a bargain to get rid of you
Interesting. I hadn’t heard that this has changed. Has anyone seen a new written policy on this on HR One Stop or on the Fidelity website? Am inclined to call Fidelity to ask about it. I know we all want to be prepared and know what to expect when the time comes.
I retired 18 years ago at 49 as a 3rd level and received $2.2Million.
Today it's worth $$12.4 Million. I'm happy. Sure glad that I didn't take the annuity of $36k per year.
Damn. I had 40 years and got $574K at 58.
Where you in management?
This is true for Craft and pensions worth more than $10k. Pensions less than $10k can still be paid as lump sum.