Please check the management severance plan at hronestop

People who are being rebadged or surplused due to outsourcing can use the management transition plan (MTP) if they are within 24 months of rule of MR75 for either age or years of service. This is for benefits only; it won't help with pension.

If you want to see how much they are ripping you off for, project your pension lump sum with off payroll date the day before rule of 75 and the day after. For people hired into SBC or Pacific Bell, the difference can be 2 to 3 times.

Please check the management severance plan at hronestop. Depending on your original hire company, you may be eligible to buy health insurance at the company rate only with any subsidy. The company plans have different copays and out of pockets than the marketplace or federal ACA site, even if the insurance company and metal level is the same. It's a good idea to read the severance plan in detail and check it every few months.

Good luck.

Bumped from @11W5rAWC-iqq for good info.

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Maybe there is only a difference with MR75 for those managers that once belonged to the union and are part of their pension plan. MTP could be an expensive option if you are surplused and close to Medicare. They take half of your severance, but you pay taxes on the entire amount.

I was also an SBMS hire back in 94. There has never been a significant difference in my before MR 75 and after (recently attained) amounts. ..?

I was in SBC and I did what you said and it wasn’t that much of a difference. Only difference with me was if I stayed at until 65. But they changed how the pension was figured so that may be why their is a class action suite. They are obviously trying to get cute with financing of the pension in famous randy accounting.

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Please check the management severance plan at hronestop

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