My lump sum pension amount went down 2.5% in January from what it is in December. I thought January’s rates were better, but I guess not.
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Lump sum goes by the day you retire,not by when you file.This according to benefits
As a manager, since the pension was frozen vz doesn’t add to it. It is soley based on the interest rates until you hit 55. They use a mortality table so every month you lose money after that, and for me it was about 1,200 a month and increased every month. The lump sum would go up at times because if the rates but you would lose money because of your age.
Mine keeps going up! Maybe you stayed beyond your expiration date. There does comes a point when your lump sum begins to decrease. Might want to meet with a financial advisor. 52 with 34. I've already got my exit planned.
@12Dcbt6d-1mwt: Thanks, and Merry Christmas.
For me the GATT rate is the winning rate right now and it went from 2.12 to 2.28 so I lost a small amount. LPF financial has a good web site that lets you know before the rate changes take place. hope this helps http://www.lpfadvisors.com/upcoming-rates
Read the flyer again.
I’m not 100% sure so you may need to check but I think the PBGC rate is .25 in December and went up slightly to .30 in january. I know the gatt rate went up too but the PBGC rate is the winning rate right now.
How old are you? The older you are, the less you get.