https://panhandle.newschannelnebraska.com/story/46954693/exxonmobil-conocophillips-employees-face-the-biggest-pension-drop-in-a-generation
3 replies (most recent on top)
Most lump sums are calculated using previous years IRS mid segment rates. Come jan1 they use might use the rates from this year which are much higher. Talk to your pension department and determine how they are calculated. Our plan is tracking a 20% decrease.
Rates go up. Lump goes down. Covid and the Fed were the responsible for the low rates in 2020 and 2021. Probably not to be repeated until democrats run their course of mayhem.
Makes sense. Pension funds are down 15% YTD according to Cramer so 10% is in line IMO
Hey, generic OP on generic Layoff thread: Yes. Interest rates and lump sums are intertangled. Silly goose.