Thread regarding Truist Bank layoffs

Pension Payout

For those fully vested in the pension and leaving/terminated, what options were you offered?

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| 17164 views | | 3 replies (last March 8, 2024) | Reply
Post ID: @OP+1rq3h4os

3 replies (most recent on top)

There is no buyout. Once you’re vested, you’re vested. The amount you get is calculated based on your years in the system, your salary, how close you are to normal retirement age, and what plan you choose. You can find the pension site on https://benefits.truist.com.

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Post ID: @1yru+1rq3h4os

I think this is bogus or from a person that can’t look up information themselves.

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Post ID: @1iom+1rq3h4os

I was in the 01/03 layoffs and had 14 full years (2010 - 2023) in the pension. I haven’t gotten a single thing about a pension payout/buyout/etc

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Post ID: @1ban+1rq3h4os

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