Thread regarding Xerox Corp. layoffs

Heard the new U.S. RIGP funding levels are to be disclosed by August 31st..will the lump sum be eliminated?

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| 2032 views | | 13 replies (last August 16) | Reply
Post ID: @OP+1k1bvmh7r

13 replies (most recent on top)

Should've got whilst the gittin was good

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Post ID: @2r5+1k1bvmh7r

Yes, it's 0%.

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Post ID: @2qr+1k1bvmh7r

@28q The funding level was never disclosed in early 2025 for the 2024 go out. Very odd that the 2024 funding level will be announced before August 31…what’s the delay and why was it pushed out so many months? It’s listed in the RIGP FAQ for 8/31 but no one will provide any insight.
Anyone hearing what the new funding % is?

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Post ID: @2qq+1k1bvmh7r

Bruno got his. Yours got scooped. NO SOUP FOR YOU !

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Post ID: @2bt+1k1bvmh7r

Those who spent years taking lumps should be able to get their full lump as they retire. Sadly, not the case anymore.

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Post ID: @2a7+1k1bvmh7r

How firm is this? I was going to retire in December, to get the match too. But this could change things

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Post ID: @28q+1k1bvmh7r

@kg RIGP Lump Sum Restrictions FAQ on BenefitsWeb says on or before August 31. It hasn’t been announced..item number 22 on the FAQ

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Post ID: @m4+1k1bvmh7r

It is announced annually but in may not August

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Post ID: @kg+1k1bvmh7r

Really
Isn't
Guaranteeing
Payment

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Post ID: @jg+1k1bvmh7r

scooped

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Post ID: @et+1k1bvmh7r

The unfunded portion of this plan is phantom debt that doesn't show up on the debt to equity ledger. If they go t1t$ up, that obligation is erased

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Post ID: @dd+1k1bvmh7r

"whats RIGP means"

Retirement Income Guarantee Plan.
Its the pension.

Lump sum option secretly reduced to 50% early 2024. Doubt they will announce anything this time. One of the best kept secrets in the company.

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Post ID: @ar+1k1bvmh7r

whats RIGP mean?

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Post ID: @a4+1k1bvmh7r

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