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My employer is offering a 1 time choice to switch my pension.
My employer is offering a 1 time choice to switch my pension. As the title indicates my current employer is offering a one-time "opportunity" to change how my pension benefit is calculated. The current formula (annual accumulation method) takes 2% of monthly pay minus 0.6% of pay that is not over the annual social security wage base. The new method (lump sum method) would accrue 18% of your pay plus a perc...
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