Didn't see this clearly answered in the materials. Wondering if it is possible to keep it as is until a more ideal low rate environment, which would pump up the commuted value.
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I kept mine in when I left a few years ago. My recollection was that I could request a LIRA transfer anytime.
If a lump is taken it must be transferred into a LIRA.
The value will never change. It’s the value at your termination date.
They release a bunch of videos quite useful. If u under 50 u either take the commited value as lump, transfer to lira OR u can take the monthly annuity it at the retirement age. Once you make your decision, you can't change it.
You have to take the lump sum when you are laid off and transfer it to a LIRA account in your bank
Must take immediately. They want you off the books