Thread regarding AT&T layoffs

Surplus MTP - Pension

$uck$ to be me....

FYI: Taking MTP DOES NOT get you to the MR75 at Fidelity for Pension Bump.

After many many calls

The Assoc Dir of my GRE confirmed MTP only gets you Med/Dent/Vision and Product Discounts.

Whitney at Fidelity confirmed: MTP does not get me to MR75 at Fidelity.

So...................no matter if I take MTP or not my pension is whatever it is when I roll off the payroll.

Oh and...........MTP Med/Dent/Vision if you were hired after something like Aug 1 1997 are Access Only. No Subsidized Benefits. Not sure what exactly is the benefit of taking MTP if you were hired after 8/1/97.

by $uck$ToBeMe
| 1854 views | | 12 replies (last February 26, 2019) | Reply
Post ID: @OP+XMEY2XN
Comment! It's anonymous!

12 replies (most recent on top)

What is pension bump, in regards to Rule of 75?

by Anonymous
| | Reply
Post ID: @2zww+XMEY2XN

This is $uck$ToBeMe: I was hired into Ameritech in mid 98. MTP benefits for me were explained as "Access Only"

No Subsidize.....So I'm not planning to take MTP since not benefit for Med/Den/Vision.

by $uck$ToBeMe
| | Reply
Post ID: @2bxu+XMEY2XN

It depends on which company hired you in and when. After 1997 not sure what month Ameritech...you will never get retirement benefits. Now call the hot line to make sure. Stop depending on what someone else tells you.

by Anonymous
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Post ID: @1whs+XMEY2XN

@$uck$ToBeMe What company did you hire in on, Legacy T?

by Anonymous
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Post ID: @1smz+XMEY2XN

I am sorry for your situation. I am afraid it will be staring me in the face soon too as I won’t reach MR75 until April 2021. I have zero confidence in avoiding the surplus bullet for 26 more months.

Thanks for confirming that MTP is really only for benefits, not pension.

(And that MTP overall is lame)

by Anonymous
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Post ID: @1soj+XMEY2XN

This company has so many goddamn lawyers. And so many loopholes through which they use to exclude themselves from paying pensions and any other benefits to the employees

Many don’t realize how particularly bad the management STD and LTD disability plans are.

There are multiple lawsuits pending against the company.

by Anonymous
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Post ID: @jql+XMEY2XN

so what were you expecting? These and many other retirement questions have loopholes huge enough to drive a Mactruck through, deception is everywhere. It is AT&T, LOL

by Anonymous
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Post ID: @ryq+XMEY2XN

110% stinks !!!!

by Anonymous
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Post ID: @fxm+XMEY2XN

Wow did not know that. Thanks for sharing.

by Anonymous
| | Reply
Post ID: @apv+XMEY2XN

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