The mailings have been sent out. Info went live on the benefits page as of the 9th. Must decide by Nov 25th.
The offers are pretty much a joke. As an example, guy 11 months from 60 has 3 options. Take lump, early pension, or do nothing and start taking at 60. Lump buys an annuity worth around half of the pension amount. Early pension (11 months early) reduces the monthly amount by well over 1/3. Both of these instances you forfeit 4 years of a supplement.
Pretty much a no brainer. The tens of thousands of dollars wasted on post cards then the large mailings in addition to the countless dollars to have someone conjure up the figures and fluff should of instead been invested in shoring up the pension fund, not Insulting employees with lowball offers.