They only publish that info once a year in Feb, but things can and do change before they publish and they will not tell you until its to late for you to do anything. Thats what they did to us in 2024.
13 replies (most recent on top)
Bend down, grab your ankles, and kiss your _$$ goodbye
With regrets
Too late, it's been scooped
@2xw If you are worried you may get forced into an annuity leave now while you can and at least get 50% lump
If and when they let you know it will be to late. Talking from experience, called HR months before they cut the lump to 50 percent and was told if any changes were coming they would let us know in plenty of time to take the 100 percent lump. Exactly the opposite happened, when they announced to employees it was a done deal.
no it's been scooped
nope, no lump
If these MFers haven't made the pension funding information available to the participants, you need to drop a dime on them to the Pension Guaranty Corporation https://www.pbgc.gov/employers-practitioners/reporting-disclosure/annual-funding-notice
"Xerox hasn’t published the Pension funding level status since February 2024 when they reduced the option for a 100% lump sum payout to 50%,"
After the IRIF.
@OP Xerox hasn’t published the Pension funding level status since February 2024 when they reduced the option for a 100% lump sum payout to 50%, the rest you have to take as an annuity.
They are supposed to release funding levels annually which hasn’t been done this year so maybe they are planning to do it in February 2026?
That’s good news if they lay me off in October I guess.
It's not half or none. Don't post if you're an id--t.
Any changes will not be communicated.
Take the lump sum. Half a loaf of bread is better than none.