With the interest rate increase this quarter and another one expected next quarter, I wonder how many will finally retire and overshoot the headcount reduction targets.
4 replies (most recent on top)
Overshooting the headcount reduction target will only result in higher bonuses for VPs instructed to shrink Spring and grow Bangalore.
@ah, you’re kinda missing the point. Without going into all the details… retirees can elect to wait and take lump sum at 62, doesn’t have to be with effective retirement date. Of course, rates can come back down or go even higher by then. And if taking annuity, rates don’t really matter as much. People used the phrase “work for free” but don’t really understand all the available options.
@a2 You are kissing the point. If you wait to retire you are working for free since your lump sum goes down. Smart move is to retire before rates go up and lump sum goes down.
Prolly less than anticipated coz pension goes down with interest rate increase, but PIP doesn’t care about interest rates, so prepare your a**s