you get the higher of the CBRA and the calculated pension. But TRA is additional, and only applies to a select few who have been around a long time. Assuming the OP is one of those, this is a sad post.
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you get the higher of the CBRA and the calculated pension. But TRA is additional, and only applies to a select few who have been around a long time. Assuming the OP is one of those, this is a sad post.
This topic has been hashed around...I remember several years ago they were two separate numbers...nowadays it's just the bigger of the two.
The only way to tell for sure as the second poster mentioned is to run your numbers (not to far out as the interest rates change) and select "lump sum" under "all payout options" That number is what you will get if you retire. I just retired and the amount was within a few thousand as it is valuated on the first of the month. Example...retired Dec 2nd...valuated on the 1st of January. The number in my case went up a few grand. Others have actually had it go down a few grand. But it will be very close being that there are only a few weeks between.
Run the model and select lump sum to see what you get. Easier.
No