WAS WONDERING when the GATT rate goes up and down who loses and gains the money? if our lump sum goes down does the company keep the lost money?
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@5ue1 Plus you were not required to initiate lump sum as soon as you left. Many people watched and waited to initiate.
@5ue1 Yes. Because not everyone even has a pension. Still cheaper for the company than payroll.
Just a thought. Do you think the VSP would of been offered if the gatt rate was 2.5% ?
Yep mine went up 60k , almost 10 percent. Cha Ching.
Holy $&###$ I just looked at mine on the modeling tool of the three-month broadcast and it went up almost 10% the third month
Gatt 2.57%
You are looking at it wrong. It is not about them keeping money it is about how much they owe you. The lower the Gatt or PBGC the more they owe you. The higher the indices are the less they owe you. The formulas are in the pension plan book that HR mails every few years. The multipliers are in the contract books.
Monroe GATT the best rate..
Another reason for verliezon to get out the check book! C ya!
If the Gatt rate goes down that means more money for the lump sum. If the lump sum goes down when the rates go up then Verizon keeps the money. Supposedly the Gatt is going down.