https://www.yahoo.com/news/ge-freeze-pension-plans-20-104420871.html
5 replies (most recent on top)
before taking the lump, analyze carefully the options. Of course the biggest unknown is the date on which you will die. From that date - only you can estimate that - look a the purchase price of an annuity with the exact same monthly payout (same amount, start date etc) as your pension. Compare that price (todays dollars) with the lump sum. The longer you live, the more likely the pension annuity is better than the lump sum.... Of course, risk is a another big factor... how much risk are you willing to tolerate? Maybe take the lump sum and hit the jackpot with the next Amazon or Facebook stock? Risk and life expectancy are two variables you need to determine for yourself as part of any analysis. Good luck deciding which is best for you. Don't listen to what others are doing. Who cares! Determine your situation, plug in variables that apply to you, and analyze it!
Right, someone that currently has a job with a pension should quit and go to a company without pensions because GE froze theirs.
Maybe you should read the article. Has nothing to do with taking lump sum vs annuity.
Most people should take the lump anyway. It just makes more sense in most cases. You're going to wind up better off in the long run.
Maybe you haven’t realized Ross board isn’t for GE fool!