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KP Lump Sum Payments Fall, As Interest Rates Sharply Rise

Apr 21, 2022 3:28:05 PM
written by The Retirement Group

Many KP employees who are waiting to commence their pension lump-sums, are now seeing a significant decrease in their value. With short, medium, and long-term rates rising significantly over the last month, the higher average rates will result in lower lump-sums for those retiring in April of 2022. This is because when KP employees elect the month they would like to begin their pension, KP looks back two months to calculate the rates for the pension disbursement. When these interest rates move up or down, your lump sum amount will move in an inverse direction, so if interest rates increase, your lump sum amount will decrease and vice versa. Through the pandemic, interest rates dropped dramatically which greatly increased many lump sum payments. This trend culminated in record lows for individuals who commenced their benefits in December of 2020. However, since then this trend has shifted, as interest rates have been increasing rapidly, causing a large reduction in pension lump-sums values.


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posted in Pension, Interest rates, Inflation, KP

ConocoPhillips' Lump Sum Payments Continue to Decline in Value With Rising Segment Rates

Apr 21, 2022 2:59:45 PM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment, may have an opportunity to take advantage of lower interest rates in Q2 2022 before higher rates take into effect for the Q3 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly through 2021. While the overall trajectory of interest rates has been higher, Conoco Philips employees who retired in the first quarter might have seen their lump sums increase, but any increases in lump sums going forward will be entirely diminished due to rising rates now in effect for Q3.

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posted in Pension, Interest rates, ConocoPhillips, Inflation

Chevron Lump Sums Decrease as Interest Rates Soar

Apr 21, 2022 2:16:23 PM
written by The Retirement Group

Many Chevron employees who are waiting to commence their pension lump-sums, will now see a significant decrease in their value. With short, medium, and long-term rates rising significantly over the last month, the higher average rates will result in lower lump-sums for those retiring in June of 2022. This is because when Chevron employees elect the month they would like to begin their pension, Chevron looks back at the third, fourth, and fifth months' rates to calculate the pension disbursement. When these interest rates move up or down, your lump sum amount will move in an inverse direction, so if interest rates increase, your lump sum amount will decrease and vice versa.

Through the pandemic, interest rates dropped dramatically which greatly increased many lump sum payments. This trend culminated in record lows for individuals who commenced their benefits in December of 2020. However, since then this trend has shifted, as interest rates have been increasing quickly, causing a large reduction in pension lump-sum values.


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posted in Pension, Interest rates, Chevron, Inflation

ExxonMobil's 3rd Quarter Interest Rates Released, Pension Lump Sum Payments Likely to Decrease

Apr 20, 2022 4:43:54 PM
written by The Retirement Group

Interest rates are tending upward, if this trend continues it will decrease the value of ExxonMobil employees' pension lump-sums. The IRS has recently released the Segment rates for the month of March, recorded at: 2.44% / 3.71% / 3.94%. Over the course of 2021 and now into 2022, interest rates at ExxonMobil increased significantly, which greatly reduced many lump sum payments. With record low rates culminating in the first quarter of 2021, ExxonMobil employees have since seen a significant increase in interest rates. We saw rates rise consistently in 2021 and with the announcement of March segment rates those waiting until the third quarter will likely see an even further reduction in lump sums. This ongoing trend upward looks be an early indicator of bad news for ExxonMobil employees opting for a lump-sum in the future.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, ExxonMobil, Inflation

Interest Rates at KP Rise Significantly, Lowering Lump-Sums

Mar 28, 2022 1:23:33 PM
written by The Retirement Group

Lump-sums are decreasing for KP employees who wait to commence their pensions lump-sum.  With both short, medium, and long-term rates rising over the last month, the higher average rate will result in lower lump-sums for those retiring in March of 2022. When KP employees elect the month they would like to begin their pension, KP looks back to two months to calculate the rates used for the pension disbursement. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. Through the pandemic, interest rates dropped dramatically which has greatly increased many lump sum payments. However, rates have increased significantly over 2021 and 2022, causing a reduction in pension lump-sums.


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posted in Pension, Interest rates, KP

Interest Rates Jump, Indicating ExxonMobil's Pension Lump Sum Payments May Have Peaked

Mar 25, 2022 11:15:13 AM
written by The Retirement Group

Interest rates are tending upward, if this trend continues it will decrease the value of ExxonMobil employees' pension lump-sums. The IRS has recently released the Segment rates for the month of February, recorded at: 1.88% / 3.35% / 3.70%. Over the course of 2021 and now into 2022, interest rates at ExxonMobil increased significantly, which greatly reduced many lump sum payments. With record low rates culminating in the first quarter of 2021, ExxonMobil employees have since seen a significant increase in interest rates. We saw rates rise consistently in 2021 and with the announcement of February segment rates those waiting until the third quarter will likely see an even further reduction in lump sums. This recent trend upward looks be an early indicator of bad news for ExxonMobil employees opting for a lump-sum in the future.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, ExxonMobil

Lump Sum Payments May Have Peaked With ConocoPhillips Due to Rising Interest Rates

Mar 24, 2022 1:57:11 PM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment, may have an opportunity to take advantage of lower interest rates in Q1 2022 before higher rates go into effect for Q2 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly through 2021. While the overall trajectory of interest rates has been higher, the slight drop in ConocoPhillips rates for Q4 2021 and Q1 2022 should have the effect of increasing lump sum amounts, momentarily, or at the very least delaying decreases.

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posted in Pension, Interest rates, ConocoPhillips

Chevron Interest Rates Jump, Lump Sum Payments Continue to Decrease

Mar 22, 2022 4:02:35 PM
written by The Retirement Group

Lump-sums are decreasing for Chevron employees who wait to commence their pension lump-sums.  With both short, medium, and long-term rates rising over the last month, the higher average rates will result in lower lump-sums for those retiring in May of 2022. When Chevron employees elect the month they would like to begin their pension, Chevron looks back to the third, fourth, and fifth month's rates to calculate the rates used for the pension disbursement. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. Through the pandemic, interest rates dropped dramatically which has greatly increased many lump sum payments. This trend culminated in record lows for individuals who commenced their benefits in December of 2020. However, since December 2020, rates have increased, causing a reduction in pension lump-sums.


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posted in Pension, Interest rates, Chevron

Interest Rates Continue their Climb in 2022, What will this Mean for Future Lump Sums at AT&T?

Feb 22, 2022 4:16:50 PM
written by The Retirement Group

Could Lump-Sums for AT&T employees be on the decline? The November interest rates,  which AT&T uses to determine lump sum values for everyone who retires in 2022 were released in December. We now have new monthly segment rates which show that interest rates are continuing to rise. Rates have been steadily increasing over the past year and with the recent announcement of next year's interest rates we are very likely to see a reduction in lump-sum values for AT&T employees who retire in 2023. AT&T interest rates decreased in 2020 causing 2021 lump sums to hit record highs. Based on the current trend of interest rates and monetary policy announcements it is likely that rates seen in 2020 will be the lowest for the foreseeable future - meaning that the Lump Sum Values for AT&T employees who retired in 2021 will likely be the highest for the foreseeable future. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. 


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posted in Pension, Interest rates, AT&T

ExxonMobil's Lump Sum Payments may have already Peaked as Interest Rates Jump

Feb 21, 2022 12:18:00 PM
written by The Retirement Group

Interest rates are tending upward, if this trend continues it will decrease the value of ExxonMobil employees' pension lump-sums. The IRS has recently released the Segment rates for the month of January, recorded at: 1.41% / 3.02% / 3.36%. Over the course of 2021 and now into 2022, interest rates at ExxonMobil increased significantly, which greatly reduced many lump sum payments. With record low rates culminating in the first quarter of 2021, ExxonMobil employees have since seen a significant increase in interest rates. We saw rates rise consistently in 2021 and with the announcement of January segment rates those retiring in the second quarter will see an even further reduction in lump sums. This recent trend upward looks be an early indicator of bad news for ExxonMobil employees opting for a lump-sum in the future.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

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