Talk of The Villages Florida - View Single Post - Advice on Pension options
View Single Post
 
Old 10-15-2024, 10:46 AM
Rainger99 Rainger99 is offline
Sage
Join Date: Oct 2021
Posts: 2,826
Thanks: 1
Thanked 2,127 Times in 999 Posts
Default

Quote:
Originally Posted by ton80 View Post
I suggest that Rainger99 should ask Company HR what the PBGC Rate is and what it will be and when does it change. From her answer that the lump sum will go down in January, it seems that the PBGC rate used will go up Jan 1, 2025 as per Altavia's example.
If the rate goes up the Lump Sum will go down. If the rate goes down the Lump Sum will go up .
They told me that if I wait until next year to start taking my pension that all of the options will go down. The monthly payments and the lump sum!