2013 AT&T Pension Rate & Success Sharing Payout Deposit
December 14, 2012
AT&T Pension Rate for 2013 Announced
The new blended rate (50% GATT/ 50% Corporate Bond) for lump sum pension calculations was uploaded to Fidelity’s website (www.netbenefits.fidelity.com). Calculations for 2013 modeled before the new rate was uploaded changed because previously the 2012 rate was used to make those calculations. To get an accurate 2013 calculation and make an informed decision about retirement it is recommended that you go to the Fidelity website and run a new calculation using the just released 2013-blended rate. Figure out your 2013 calculation now by clicking here.
Success Sharing Deposit
The 2012 Success Sharing Payout of $1695 from AT&T was deposited into employees HRA accounts this week. It was deposited into every eligible member’s account, regardless if they have an HMO or one of the company sponsored plans. Check to see if your deposit was made by clicking here.
Eligibility for the payout is as follows:
“Employees eligible for the payout are those regular, temporary and term employees who are on the payroll on both the beginning and ending dates of the award year and who work for a minimum of three (3) months within the award year in a position covered by the Collective Bargaining Agreement. Eligible employees who are on approved leaves of absence or short-term disability absence and meet the other eligibility requirements on the ending date of the award year shall receive a contribution, provided they return to duty on or before December 31 of the year in which the contribution is made.”
More information on the Success Sharing plan can be found in Appendix A of our 2009 collective bargaining agreement with AT&T. View the 2009 AT&T Collective Bargaining Agreement by clicking here.
If you have any questions about your HRA account, you can contact SHPS at 877-358-0302 or online by clicking here.