I know vacation accrual is no longer a thing, so this is down to the pension lump sum payout, which I plan to take. This is for a resignation, not a retirement.
- Does anyone know when and on what frequency the company recalculates its lump sum offers? In the context of increasing interest rates, What I’d like to avoid is putting in my resignation too late and thus “working for free” because the extra salary doesn’t make up for the reduced pension payout.
- When calculating how much they will offer for the lump sum (ie what interest rate they will use) does the company do it based on your resignation date, your last day on the payroll, or whatever day Benefits gets around to your file?
Thank you all.