Understanding the Shift: AT&T's Retiree Pension Payments Transferred to Athene
AT&T has made changes to its pension plan for retirees. Beginning with the August pension payment, AT&T will transfer the assets and liabilities associated with the pension plan to Athene, a financial institution that manages pension group annuities for several other companies. This change does not affect the amount of the monthly pension payment. Retirees will receive monthly payments from Athene instead of the AT&T Pension Benefit Plan. The change impacts about 96,000 retirees who receive certain monthly pension benefits from AT&T.
AT&T’s Retiree Pension Payments Taken Over by Athene
May 9, 2023 3:19:52 PM
written by
The Retirement Group
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posted in Healthcare, Pension, AT&T, 2023
AT&T Healthcare & Interest Rates Changing in 2022
Nov 12, 2021 12:47:00 PM
written by
The Retirement Group
The November interest rates, which AT&T uses to determine lump sum values for everyone who retires in 2022 will be released in mid December. Rates increased in November and if that trend holds we could see a reduction in lump-sum values for AT&T employees who retire in 2022. If you decide to stay past December 31st, 2022, you could see a significant reduction in your lump sum. Interest rates are trending upward, and when interest rates rise, lump sums fall. If you believe that interest rates in November 2021 will be higher than November 2020 (Which is likely) you may want to consider retiring before January 1st, 2022. This will allow you to lock in the medical coverage and take advantage of a lower interest rate, which will increase your lump-sum amount.
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posted in Healthcare, Pension, Interest rates
AT&T 2021 & 2022 Healthcare & Interest Rate Changes
Oct 8, 2020 3:45:57 PM
written by
The Retirement Group
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posted in Healthcare, Pension, Interest rates
COBRA Coverage: Health Care During Transitional Periods
Mar 18, 2020 8:41:20 AM
written by
The Retirement Group
What is COBRA?
The term "COBRA" is commonly used to refer to certain provisions of Title X of the Consolidated Omnibus Budget Reconciliation Act of 1986. This law provides an opportunity for employees and their dependents who have been covered by an employer-sponsored health insurance plan to continue coverage under circumstances where such coverage might otherwise have been terminated. The covered employee is entitled to COBRA coverage only in cases of termination or reduction in hours. In addition, there are several situations in which an employee's spouse and dependent children may be eligible for COBRA benefits. The duration of COBRA coverage is limited and depends on the reason why existing coverage is being terminated.
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posted in Financial Planning, Healthcare, Lump Sum, Pension, Retirement Planning
Health-Care Reform: How Does It Affect You?
Feb 27, 2020 9:28:45 AM
written by
The Retirement Group
Now that comprehensive health-care reform has been signed into law, how will it affect you? While some portions of the law become effective in 2010, other provisions are phased in over time. Nevertheless, it is almost certain that at least some of these reforms will have an effect on you and your family.
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posted in Financial Planning, Healthcare, Lump Sum, Pension, Retirement Planning
Health Insurance Made Simple
Feb 26, 2020 9:54:24 AM
written by
The Retirement Group
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posted in Financial Planning, Healthcare, Lump Sum, Pension, Retirement Planning
Health Insurance for College Students
Feb 26, 2020 9:48:21 AM
written by
The Retirement Group
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posted in Financial Planning, Healthcare, Lump Sum, Pension, Retirement Planning