Anyone leaving regardless of the rates or waiting to see how low they can get ?
11 replies (most recent on top)
Imho..rates will drop but not to where they were before. The free money days are over. Those super low rates just led to bubble after bubble. The Fed is looking for stability. The pension you have is most likely the one you'll retire with.
I’m hoping the rates will be looking better right around the end of the contract. An EIPP would seal the deal.
I'm leaving the day rates hit bottom. Not one day more.
It is true that the GATT was never 0%. The PBGC was 0% for most of 2020. Then the government changed the rules around lump sum calcs effective 1/1/2021. Bottom line, 2020 was still a great year to go.
Good read here. See the note at the bottom about ERISA and go to the link to the new regulations adopted.
https://www.salinestahl.com/rates
Union bloat lifers never leave.
People who had the time and didn’t leave in 2020 are the biggest group of fools.
PBGC was zero percent, GATT was never zero percent.
@tvn+1rEAWozU gatt and/or pbgc rates have a direct bearing on lump sum pensions. The lower the rate, the higher the lump sum. The people who left in mid 2020 made out big. Gatt rate was 0%. Probably won't see that again for a very, very long time.
rates are going to go higher thanks to your potus
I’m leaving next week, life is short. I’m not waiting for rates to drop. You can’t buy time.
Huh?