Lump Sum vs. Annuity Pension
With the shift in interest rates and the new laws being phased in tieing lump sum calculations to a modified corp. bond rate instead of just the treasury rate, I'm toying with taking a pension as an annuity.
My concern is if my company later defaults on it's pension and the government has to pick it up. I have studied the PBGC maximum coverage and have a question about the age scale they use. Is the maximum listed based on the age you retired at, or is it based on your age when your plan defaulted, if you are already retired?
Thanks for any replies!