AT & T Employee Pension

 

Managers

The interest rate used to calculate a managers pension changes each quarter. This change is based on the average daily rate for the middle month of the calendar quarter immediately prior to the retirement commencement date.¹ This rate has an inverse relationship with the value of your lump sum; as rates increase, your lump sum pension amount decreases.

 

Bargained

The interest rate calculation used to determine a bargained employee’s pension changes annually.

 

This change is based on the average daily rate for the month of November of the preceding year and applies to the retirement commencement dates for the following entire year.¹ This rate also has an inverse relationship with the value of your lump sum; as rates increase, your lump sum pension amount decreases.

 

Average Daily Rate Formula For Both Management And Bargained Employees

 

2014:  75% Corporate Bond and 25% 30-Year Treasury Bond

 

2015:  100% Corporate Bond

 

Source: AT&T Pension and Retirement Services. Armstrong Purselley has obtained the information on this page from documents obtained from the employer. The information contained on this page has been obtained from sources which we believe to be reliable, but we do not guarantee its accuracy or completeness. It is important that you read the plan documents and obtain answers to any questions you may have.