- And you wait until after November without taking your lumpsum requirement, you'll essentially be working for free for the next 2-4 years.
Something to think about.
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I still believe the fast paced interest rate increases give Ford a very good opportunity to switch all the GRP to 401K next year and save a lot of money. So that's another motive to take the lump sum and run this year.
Good information. Thanks
Just make sure to get your pension choices form signed and back to nesc in time for them to approve it . You might want to think about your last day being oct31 and your commencement date nov1 lump sum takes 45 days to process . As long as your retirement commencement date is no later than dec1 your lump sum will use aug2021 rates . Hopefully the package has a small window and we can get out asap .
I would not complicate things with other banks and such but roll it into your 401k .. you can move it around after the fact
The pension choices form is initiated once you call nesc and set a date ..