MTR 75 gives you what exactly? I checked my pension with dates prior to MTR 75 and after MTR 75 and I don’t see any significant increase in benefit. What exactly am I supposed to be seeing here?
In case of a layoff everyone cashes out lump sum and reinvests, correct?
Nothing ventured nothing gained. Talk to a FUDICIARY person at Fidelity or Vanguard and get educated. A good safe investment is a deferred fixed annuity. Read and you will learn. And listen to the expert FUDICIARY. What is in your best interest is required if a FUDICIARY.
Get your money out of T’s grasp!!!
Heard rumors of layoffs in June targeting people not in a collaboration zone. I need 11 months for R75. Has anyone heard of someone successfully suing for their full pension?
it gets you an exit interview
As I have 10 years before I am Medicare eligible, these benefits are worth it to me for now. "These go away once you are Medicare eligible retiree. So it really depends weather this is available to any particular individual or not. Best to consult the SPD's."
Original Post: I am MR75 and receive my dental, vision, CarePlus, hospital ancillary benefit for $37 per month.
Today's new hires & employees hired on since about yr 2000? Nothing.
Out on your ear! Juan Skunkey made it Crocker he wants to rid the “Titanic” of his fellow boomers. Especially middle age & older White men!
“ if att goes bankrupt.”
Think you mean when.
“ What happens to the annuity if att goes bankrupt.”
Same thing that happens when you keel over, it’s gone. POOF! Gone.
What happens to the annuity if att goes bankrupt.
Hey buddy have you ever heard if inflation? Even at 3-4% the purchasing power of your annuity will be about half of what you got when you first retired. In the long run, only equities are going to maintain your purchasing power. A balanced portfolio of bonds ( a bond ladder) and dividend paying stocks with a sizable cash balance (money market funds) is the only way to go. And don't forget the Stankey risk factor - he will sell you and your pension to a private equity company like Apollo in a Texas minute!!!
I'm going to take the life long annuity. This way, even if the markets crash or ends up in red in the future with so many geopolitical issues and danger of dollar weakening or no longer the world currency then at least I'll still have a steady flow of income coming in monthly to pay the rent or property taxes or full-time in-home care when I am no longer able to walk to the bathroom by myself. I know a lot of folks take the lump sum and reinvest it. But there are risks and I don't want to take a risk with money I will be depending on till the day I die. Sure, if I invest, I could double or triple or even quad my lump sum, but it could be the other way around with nothing left in my pocket. I rather not take that gamble else I'll be laying in bed all day long soiled without anyone to clean me since I won't have the money to hire help.
“ Run the number a few days before your MR75 date and a few days after. Should be about a $240k difference, like most.“
Perhaps for some pensions but not for many (for example the aforementioned Mobility Management plan).
Go onto Fidelity and read the SMM for your particular plan.
Run the number a few days before your MR75 date and a few days after. Should be about a $240k difference, like most.
"Pension holders have structural motivation against them reaching R75. Ask around if you don’t believe me."
Then please, please lay me off before I reach that "milestone"!
MR75 these days only affects your pension benefit. That's literally the only thing. The days of retiree health care are long gone.
doesn't mean much just some number hr pulls out of their a-s.
and yes get your pension out of att's hand as soon as you can.
You have a cash balance pension. You’re probably Mobility management. You don’t see any big jump at any significant milestone because that’s not how that pension works. The company just basically contributes 5% of your salary to it each year. I still feel fortunate enough just to have it, and as you are alluding to, ,when I leave I will take the lump sum and roll it into an IRA. No tax issues that way. And I believe taking the annuity is foolish. It will be around 300k and
I will put it to work in the market for the long term.
"I am MR75 and receive my dental, vision, CarePlus, hospital ancillary benefit for $37 per month. "
These go away once you are Medicare eligible retiree. So it really depends weather this is available to any particular individual or not. Best to consult the SPD's.
Nothing in SE. That ended the end of 2020.
I am MR75 and receive my dental, vision, CarePlus, hospital ancillary benefit for $37 per month. You are also provided a very modest ,no cost life insurance plan thru Metlife and the small discount on wireless. There are some other discounted services available as well. A big value on that life insurance policy is that you are able to have free financial advisement services from Barnum.
A lifetime of regret due to making poor life choices.
Executives play a game called Pension Deadpool. Whoever has the most grandfathered pensioners at the end each quarter loses the pool. An exec with a -4 quarters is then laid off. Pension holders have structural motivation against them reaching R75. Ask around if you don’t believe me.
In many plans achieving MR75 results in Full pension . However the Stank SS Employee Rationalization department targets employees with long YOS. Higher salaries and also those that fall short of MR75 get a 50% $ pension haircut.
A dinner for family and friends and a choice of a cheap gift made in China.
OP - it moves you to the top of the list for a pink slip.
Glad I have a union contract.
High blood pressure
??? How can someone work here for so long without a clue what their pension in. All bell Co's had different plans and all union contracts are different. Focus people, this matters that you get this right.
Age plus years of service gets me what?
Stank made it clear that it gets you a faster kick out the door.
If your management, thank the Stink for getting basically nothing with the modified rule of 75 and perhaps thats what you are seeing.
Under his watch, they took away retiree health benefits. They took away the supplement after medicare. Even for retirees, they conned people into retiring to get that supplement and then changed that into basically an HMO advantage take it or leave it plan.
So what do you still get? A phone discount that's worse than you can get at a competitor. The ability to buy into the AT&T cr-ppy health plan. And if you are in the right market, maybe a discount on internet. Not much more.
Tale your money and buy cryptocurrency. You'll be rich.
I know a lot of folks take the lump sum and reinvest it. But there are risks and I don't want to take a risk with money I will be depending on till the day I die. Sure, if I invest, I could double or triple or even quad my lump sum, but it could be the other way around with nothing left in my pocket. I rather not take that gamble else I'll be laying in bed all day long soiled without anyone to clean me since I won't have the money to hire help.
You could buy an immediate payout annuity with that lump sum and get better than what AT&T has to offer.
It depends on the plan, plus it's modified Rule of 75 for management. You need one of the following:
I'm going to take the life long annuity. This way, even if the markets crash or ends up in red in the future with so many geopolitical issues and danger of dollar weakening or no longer the world currency then at least I'll still have a steady flow of income coming in monthly to pay the rent or property taxes or full-time in-home care when I am no longer able to walk to the bathroom by myself. I know a lot of folks take the lump sum and reinvest it. But there are risks and I don't want to take a risk with money I will be depending on till the day I die. Sure, if I invest, I could double or triple or even quad my lump sum, but it could be the other way around with nothing left in my pocket. I rather not take that gamble else I'll be laying in bed all day long soiled without anyone to clean me since I won't have the money to hire help.
Depends, management or bargained? What Bell?