Thread regarding ConocoPhillips layoffs

For those recently laid off and and filing for pension. Wait until January to receive Lump sum.

You will get a decent increase in my lump sum by waiting until January with the new 1st quarter rates. I may wait until February and see what the 2nd quarter rates are when they're posted mid January. IF there's another big change, I may wait to take it in April.

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| 1342 views | | 4 replies (last November 12, 2016) | Reply
Post ID: @OP+Kipmayd

4 replies (most recent on top)

If you are in Bartlesville and laid off when we shut it down you may have to wait a very very long time!

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Post ID: @2vhg+Kipmayd

$1,500,000 but if you were really a COP employee you could easily look that up on the Benefits web page.

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Post ID: @1jim+Kipmayd

Not sure about your situation, but 7 years ago, when I retired from COP. It made a 200,000 dollar difference between the 2nd and 3rd quarter.

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Post ID: @1odf+Kipmayd

What would be the range in lump sum value for someone with say 32 years and at a level 16?

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Post ID: @1nax+Kipmayd

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