The most recent move has been less favorable for ExxonMobil retirees for the 4th quarter of 2015.

For those clients born before the year 1958, you are grandfathered under the pre-2008 lump sum plan rules. Many of you also know this to be the ‘single rate’ pension calculation.

Effective Dates:

October 1 – December 31, 2015 = 2.75%

July 1 – September 30, 2015 = 2.50%

April 1 – June 30, 2015 = 2.75%

January 1 – March 31, 2015 = 3.00%

Here is an illustration to show the relationship between interest rates and lump sum pension values.

Related article: Net Unrealized Appreciation (NUA)