How many experienced folks will Big Blue lose over these pension interest rates? Many long-time employees will take a huge hit if they stay passed November. Get ready for a mass exodus.
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It's highly unlike rates are going back down anytime soon. In order head off the inflation headwind, they need to raise rates much closer to the inflation rate, which is over 8%. They aren't even close now. I would expect to see massive layoffs begin soon because corporations need to refinance their debt at much higher rates. The Atlanta Fed said they are going to have a third quarter of negative growth this quarter. Two quarters = recession.
Lots including those on the fence. The rate last year was best it's been in a long time. It's only getting worse and most people aren't going to risk hoping it goes up in next 2 years again especially knowing if they have layoffs they will be gone
It could happen but remember the interest date changes each year. It could go down in the future causing lump sums to increase again. Also, the economy is a mess right now. It may be wise to collect a salary until things improve.