PENSION 2019

Call Ernst and young. They will confirm this math. Sorry. It won’t happen over night but it will happen.

Run your modeler and look at the fine print on the model sheet.

oh and if you turn 57 or younger this year there is virtually no company subsidy for medical.

You need to be 58 or older this year.

 

I did call and they DID NOT confirm your math at all. Also, called benefits and you are wrong on retirement medical, although not as generous as it once was. Man, I'm not sure where you get your information.

Note to any real Merck employee. Don't trust this dude. Don't trust me. Call and confirm for yourself.

 

I agree with the down side risk to pension. My lump sum went up a lot in 2019 only due to interest rate drop. I would expect the opposite to happen when rates begin to rise.

the cash balance part of the pension that will accrue starting in 2020 and we should see around a 5% increase.

 

Ask Ernst and young the question: will my pension benefit I earned through the end of 2019 drop when the interest rates rise? They will say yes. The formula is 1% change in interest rates = 20% change in lump sum. The formula is on the modeler when you run your numbers.

 

82 must work in hr. Same group that messed up the pension.