Thread regarding U.S. Bank layoffs

Pension Change

I was on the old plan before the cash plan. I show mine is about 25-30% lower than when I left the company. Heard they had some changes? Whats going on??


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| 1521 views | | 2 replies (last November 19) | Reply
Post ID: @OP+1kacg28jr

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If you already left the company, then there is no change for you. The change is for current employees on the old pension. The benefit amount will be frozen as if they had quit on December 31st, 2025. They will then earn something substantially less through the new cash balance plan.

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Post ID: @en+1kacg28jr

Just moving everyone to the cash plan.

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Post ID: @aw+1kacg28jr

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