Thread regarding ExxonMobil Corp. layoffs

Pension question

If an NRE (52-55?) leaves the company now, is there a lumpsum option and if so what is the formula?

(Online estimator tool does not provide a lumpsum number for this scenario)

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Post ID: @OP+1gM4Bv1g

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From what I have seen...

Leaving before 55 gets you about 1/3 what you will see at 55.

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Post ID: @icf+1gM4Bv1g

Online estimator does give the lump sum. You have to set the commencement of benefit date to 3 months later. For example, if you leave in June, set the second date to October.

Then click the drop down box for all the options.

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Post ID: @gpk+1gM4Bv1g

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