With rates continuing to rise at this rate it looks like some employees could lose 35-40%
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Interest rates tanking during the Pandemic gives a nice bonus for those leaving this year.
Interest rates were 4 to 5% pre covid
The pension is and always has been small. If you ever figured and counted on that into your retirement portfolio, you got big problems that were not created by AT&T.….
There are different plans, with different rules, etc. some have accumulated a ton of cash for people, especially legacy employees.
Just left T last week and running with my lump sum in tact! It's still not too late but time is running out. Depending on how your pension is set up you either have November 30th as your final work day so your commencement date can be 12/1, or, you have until 12/30/22 to make 12/31/22 your commencement date. You better act quickly because most will lose 30%+ off your pension over night (12/31 - 1/1). Most will be shocked at what they will lose.
I'm so happy to have left after 24 years!
Is 600k small? Lol
The pension is and always has been small. If you ever figured and counted on that into your retirement portfolio, you got big problems that were not created by AT&T
Perhaps for many if not most but not all. My lump sum is north of $500K not a tremendous amount by any stretch but I wouldn’t call it small either and I stand to lose 30% as it stands now so Count me as one to take the money and run by 11/30
The pension is and always has been small. If you ever figured and counted on that into your retirement portfolio, you got big problems that were not created by AT&T.
I was just reading about this, September was the biggest increase month to month increase EVER!
https://rivercountry.newschannelnebraska.com/story/47532482/att-memo-predicts-pension-lump-sums-will-drop-by-30
Getting late to bail Toxic-T. May be too late!
The more employees that leave on thier own means less the Stink has to pay in severance.
Each rate increase makes the smile on the Stink's ugly mug bigger. More $ for the Stink's next big bonus!