Has anyone checked to see how much your pension value decreased if you take the lump sum this year?
6 replies (most recent on top)
@mex+1oBMg4A3 "That was already know a year ago. Where have you been? "
I'm guessing OP was referring to the drop that will occur if you retire after December 1 2023. I did look at the retirement projections (for retirements after Dec 1, 2023) and they have been updated with new interest rate segments. My drop is in the 8-9% range.
Looks like they've updated the lump sum calculations with the new interest rates for retirements starting January 1, 2024. My lump sum was about 9% lower.
Lucky you to be able to look at it. They took everyone else’s. Stole ours but they all kept theirs. American greed at its best!
My finance guy says 10% reduction next year. This year was a 25% drop
That was already know a year ago. Where have you been? The question is now how much more will it decrease in 2024. The answer will be available soon.
A million %.
Last year was the year.