how much would be my pension lump sum?
If I am 60 years old,
$230k average last 3 years salary
32 years service with Exxon & ExxonMobil
assume interest rate 3%
1.8 million?
16 replies (most recent on top)
Troll
@c8 Amazing if true. I knew union workers that were exceedingly savvy about the pension and the savings account - moving money around to maximize. So how someone could work at EM for over a decade and not know something this basic is sad. That person's first managers and coworkers failed them.
@c8 literary seeing the same posts over and over again. What did you literally tell to your hypothetical 12 years employee? Maybe share that same literal answer that to this imaginary 60 yo with 30+ years with the company, so they can all hold hands and sing Kumbaya in ExxonLand
@c2 I literally had an employee with 12 years experience ask me this same question last week, so don’t assume everyone knows things like this.
@bc maybe you are the Rando OP trying to justify your ridiculous question. If OP is truly an employee and asking this stup1d question on a layoff forum then we are all doomed and might as well burn together in this fiery exxon pit of he-l
I don’t understand why everyone is being rude to the OP. Maybe they worked in a remote field and didn’t get any help on things like this. I’ve seen it before many times.
Also, you can google the formula for the pension if you want to check that way.
This is just some rando looking for insight of our pension program
OP is a f n troll. Everyone in his position is very well versed on where they stand pension wise.
Pip this person immediately. For all the folks complaining about offshoring, look no further than this post. I am jealous of this person though.
Exxon's entire salary structure is unsustainable when you can hire great foreign workers to manage this global business for a fraction of the cost.
Yes goto/d-mb a sss. You sir are a mo--n. BTW the discount rate is 4.25 now not 3 percent. Good luck you will need it as you are clueless.
You’d be entitled to a lump sum of d-mba$$
how did you make it 32 years being this helpless and stupid? You give us old people a bad name.
Ask AI, you fool. Troll
Company is paying you way too much if you can’t figure this out on your own without coming to a layoff board.
Bye, troll
You can download the Alight app off of the apple App Store and it will show you all of your benefits once you get logged in.
It will let you do a pension calculator and will give the different options for the payout.