How Many have heard the rumor that ATT is going to halt the Managemet Pension Lump Sum payment option - for all Managers effective June 1?
Where did this come from, and if it happens who june 1 or later, who has the legal strategy to fight back?
When the 401 originally started as a thrift plan in '78 or '79, I tried to get everyone in the garage to join. They said they couldn't do without their beer money. I guess they never did get it.
the company favors no lump sum as they make money when the employee dies, you can be sure that Ed and company will take every advantage they can to shaft the employee base.
I took the lump sum and have been happy with it.
The big question you need to ask yourself is ...
Do you trust the company to honor it's bargans with all you know about it?
"The "lump sum" and estate doesn't disapear..."
Unless you were at fault and your estate gets sued. Remember, we have to look at worse case scenario here.