Thread regarding Xerox Corp. layoffs

In contrast to most of these comments, I retired 11/30 and got my pension check in the mail yesterday. I felt like the people at the ESC were always very helpful. I did contact them regularly to follow up, but 3 weeks seems timely to me.

When you sent your paperwork in you should have been assigned a contact person, this person should be listed in the documents generated. I would contact that person. I was IRIF'd in August and sent my paperwork in early September. Didn't see the money transfer until mid-Oct. I found the person on my documentation helpful to provide a status of where my rollover was in the process. Good Luck.

I left Xerox in 2016. It was really difficult to get my Lump Sum Pension payout. The company has trained the people tasked with making it happen to delay, dealy, delay if it will save $$ for the Pension Fund. They will have all sorts of excuses, lost paperwork etc. You have to fight hard to get whats yours and be ready to call them everyday for about 2-3 weeks. Sometimes twice a day. Keep good notes of every call. You will catch them lying along the way, so call them on it. And let the Benefits call center folks know that you are not only going to bring legal action against Xerox, but them personally. Good luck to all !

Call HR and ask if the pension fund is at least 80% funded. If it is then you should not have any issues as long as you are not 62 years of age. The GAT rate did go up but not so much that you will lose monies if the roll over does not occur before 13/31/2018. The BIG concern is if the fund is 80% funded. It it is between 60-80% you will be forced to take your pension as an annuity at 50% and cash/rollover at 50%. If it is below 50% then you are stuck at 100% annuity and there will be no roll over option.