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Lumpsum pension payout
I have been a legacy BellSouth Employee until recent buyout by AT &T . At retirement we had a choice between receiving a monthly pension payment or a lumpsum payment. With the upcoming end to our present union contract( August 2009) ,we are trying to find out if the legact A T & T employees have a lumpsum option and if they do how good .
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Permalink Reply by Dick Slackman on
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AT&T has a lump sum option, a monthly pension payment option, and a partial lump sum option which is a combination of lump sum & monthly payments. The options available to you will depend on your situation. You can call Fidelity and have them do a pension calculation for you. This will tell you which options are available to you and how much you will receive.
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Permalink Reply by David H. Young on -
Would you like to compare your payments to some alternative investments (assuming you have a lump sum option) ? I live in the Dallas area, feel free to call if interested in alternative investments. David Young (Financial Advisor) 214 551-5539
Hope you don't mind the offer.
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