They just released info on the gatt rate for the 3rd quarter....it is going down!! That means our lump sum buyouts will be going up!! The gatt rate was expected to go up every quarter well into 2018, so having it go down in the 3rd quarter of 2017 could be a blessing if they offer a EISP this fall. Woo-hoo!!!
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Ellamays, no need to reactivate a 3 year old thread and also create a new thread with the same inquiry.
Relax, you got this, but I do not understand why any of this is a perplexing mystery to you.
The information you seek is provided by the Company and easily within reach.
If you’re unaccustomed to verifying your numbers via the site why not just reach out to the other fellas in your garage to show you how to access your various retirement date scenario numbers on the company provided computers?
If you’re working in an isolated scenario, call your union hall for guidance.
Best of luck, whatever you decide.
Hello, I am late to the party but am struggling to determine what my current lump sum would be. I received the $ through a qdro. Calling the Verizon Benefit office for info is usually not very fruitful and if I ask for commencement and get transferred to the commencement case admins, they are just as fruitful. I received 2 estimates based on a gatt rate of 3.04%. Yes, just estimates but they were up around $150000. (Commencement dates in 2019 and 2018....) I request actual commencement paperwork for 12/1/19 , received paperwork for gatt rate of 2.82 and the total lump sum is $119,000. Shouldn’t the amount have gone up from around the estimate of $150,000? 1) how can these estimate be so off from the actual.... they can’t be just making up % and lump sums, it seems like it’s not an estimate, it seems like they just picked random numbers...... also, after spending many hours trying to figure this all out or get a clue, is the gatt rate the 30 year treasury rate? I appreciate all your comments and direction.
You aints' all that brite!!!!
--the gatt bros.
Gya....news flash....the gate rate came DOWN!!! That means lump sum buyouts went UP!! You are full of sh--....I have over 30 years! Huge 401k+lump sum+eisp=don't be a hater!! Bahhahaha!
Down from 3.02 to 2.96 didn't go down much ,but it did go down.
Look at all of the jealous haters....my lump sum just went up tens of thousands of dollars. The company WANTS to get people off of the pension. What better way than to offer an eisp! When the eisp comes out in the fall, I'll be the first to come on here and say..."how stupid are you" Haha.
How stupid you are. No offers to drive up costs. They plan to keep you around until you quit.