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lump sum vs annuity
Old 12-10-2014, 05:03 PM   #21
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lump sum vs annuity

I would wait to see if the 1.7 trillion bill passes. If you go to today there is an article "is Congress about to cut your pension?"

Sounds a little scary and I would take lump sum if the bill passes. I already ret'd and have a monthly annuity unfortunately. Really scary, you cold lose as much as half your pension.

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Old 12-11-2014, 09:22 PM   #22
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^Congress wouldn't be cutting anything. Just not backing pension overpayments relative to the funds for them.

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Old 12-12-2014, 07:00 AM   #23
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Originally Posted by gerntz View Post
^Congress wouldn't be cutting anything. Just not backing pension overpayments relative to the funds for them.
I'd be ok with the bill if it takes account of the reason for underfunding. If it is because employers have failed to make the contributions they promised or made over optimistic return assumptions they should be required to make up the shortfall rather than reducing benefits.

“So we beat on, boats against the current, borne back ceaselessly into the past.”

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