Isn't the latest PBGC interest rate .25%? Why does the company lump sum calculator show .50%?
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Retired for 20 years now after 30++ @VZW. Best years of my life! ( guess I beat the system). Worked here in the south for ATT and Bell South and they are the scum of the earth.
Why hasn't Verizon posted the Pbgc for people leaving in January for east associates. It's posted for West associates
I just called benefits and the woman stated that the new rate for January will be posted on December 20th.
@1dlb, are you saying that starting on the 20th the .25% rate will be used in the lump sum computation for January 2020 retirement?
The 20th of the month is the tell all
PBGC calculation.
The PBGC method uses:
120 percent (or 100 percent if your lump sum is not more than $25,000) of the Pension Benefit Guaranty Corporation (PBGC) interest rate in effect for the month prior to the first month in the calendar quarter that contains your termination date
The Non-Insured Unis-x Pension 1984 (UP84) Mortality Table
Your age in whole years and whole months, as of the 15th day of the second month in the calendar quarter that contains your termination date.
Call Benefits and ask them.