I started with Nielsen in the early 2000's and at that time they had a retirement annuity program vis Fidelity. Dave Calhoun was quick to end that bad boy asap once he raided the place in 2006. I'm long gone from Nielsen but I still have this small annuity from about 6yrs of work which totals about $35K and says my payout can only be monthy when I turn 65 (retirmente age)...which will be about $200 per month. So not really much money at all. I'd love to try and get a lump sum now which is what many of my colleagues at the time got when they were let go or quit (however they were employees from the 80s and 90s). Is anyone familiar with this pension plan or how to go about getting a lump sum payment? I've tried several times to do so on the fidelity website but always get rejected. Thanks.
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Unfortunately there is no lump payment option with this plan. Options were rest of life, ten and fifteen year payment options….with adjusting monthly payments. I’ve been collecting for two years now. Worked since 1982. Good luck and take care.
I’m 63 and in the same boat with the same question. I checked and they advised lump sum is not available - just monthly payments.
@a5 Sorry, I meant to add their phone number for net benefits.. 1-800-500-2363. They are normally very helpful. Good luck!
I started with Nielsen in 1999 and yes, the pension ended several years after thanks to Dave Calhoun. I retired earlier this year (I am now 65) and I get a whopping $134 per month through Fidelity. I don’t remember there being a lump sum option for me but you may want to contact Fidelity directly and see what your options are.