Info please
5 replies (most recent on top)
Why would the annuity monthly payments decrease when the Cash Balance increases?? Can someone explain.
Mgt Cash Balance Pension – If you saved a calculation on Fidelity using the November 2018 rate and then push the recalculate button on the saved estimate, you will see a substantial increase in the lump sum using the November 2019 lower interest rates but the annuity pension monthly payments actually decreased a bit. I guess people who took the lump sum using the "enhanced" lump sum amount before 4/1/2019 got screwed since the interest rates decreased. If they had waited to take it in 2020 they would have gotten a bigger lump sum but who knew? It seemed like rates were bound to go up back then.
Good question. 95% of the pension is made up of cash from AT&T corp. 5% is AT&T stock. WIth the new corp bond rate effective for 2020, the lump sum pensions should all go up 7.5% due to three .25 cuts in Fed rate in 2019. Where they get this money is unclear to me too! I hope it occurs....
You hope that your paycheck, 401k/roth and or pension c-aps out on you? P–p where you sleep much?
So where does all the money come from. How does it magically appear when the company is up to it’s butt in debt. Something is just fishy about this company. I honestly, hope they get caught doing whatever it is and it all comes crashing down. The CFO quickly leaves, a bunch of lawyers quit? Again, something is just not right.