Since I'm going to leave and retire, this will be the tipping point for AT&T's massive recovery. I left T-mobile right before Randall's amazing offer which saved them back in 2010 or whenever. So I left at the exact bottom and missed the recovery. Anyway, just letting you guys know the bottom for AT&T is going to be in Feb. you're welcome!
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For anyone thinking about retirement this year, so they can lock in on last year’s interest rate, be aware, you have to leave in November in order to commence pension in December. If you wait and retire in December, your commencement will be January and you’ll get this November’s rate applied.
(Legacy T, verified with Fidelity)
Awesome! The CBA requires a buyout. I'd take the buyout ... AND apply for unemployment. They have a job offer for you!
That could include laying off the associated workforce.
Awesome! The CBA requires a buyout. I'd take the buyout ... AND apply for unemployment.
Att is filled with trolls and some of the L3 and above are the best trolls out of all. However, I think karma is a bi*** and might be catching up to their bonuses and stock options.
- your everyday 5 days a week employee
I can tell you this. Getting rid of legacy equipment and copper is fixing to be accelerated. That could include laying off the associated workforce.
BellSouth/Southeast Pension Plan is also not affected by segment rates, goof ba--s.
The depths of dimwitted-ness here often amaze me.
So many of you don’t know if you even have a pension. If you do, you don’t know what type of pension you have, and how it is or IS not affected by those segment rates.
Generally speaking, a rising interest rate environment is bad for your lump sum. A falling interest rate environment is “good” for your lump sum. It’s an inverse relationship.
UNLESS, you are on that Mobility cash balance plan, where essentially what you see for the cash balance is what you get for your lump sum. You don’t need to be concerned with the timing of those new IRS segment rates every year.
Cool story bro!
@cv I have mentioned that the Pension Plan I am under is the AT&T Mobility Pension Plan (SPD NTN 78-74513) which does not have a Segment component. It's a simple pension plan that gets 5% Pay credit and Interest Credit of about 4.2% annual rate. So I am correct in saying that segment rates to affect our Mobility Pensions.
Before you leave just do the right thing for the USA. Smash the Asian for you own stock value if not anything else. Look at tmob.. their stock is crashing due to the india ceo
So you’re leaving before your stock vests and you get a bonus? Brilliant move.
Segment rates have nothing to do with my pension!
This guy isn't retiring any time soon. Its basic information most soon to be retirees have already researched.
Any financial advisor would have told you to leave by the end of this year.
@c6 Segment rates have nothing to do with my pension! I won't be doing anything during the next two months, so I am just waiting to complete the year and get my full bonus 😎
@OP No you're not. You're just posting nonsense.
Anybody who's worked long enough for at&t who's planning to retire soon is leaving before the end of December due to increasing IRS Minimum Present Value Segment Rates.
Go away troll.
Appreciate the heads up but T will not truly bottom until Simple Jeff assumes the - ahem - position.