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Call the EY Financial Planner line. I doubt you're going to get the answers you're looking for on this app. They'll explain the calculation. My understanding is that the previous amount accrued doesn't change. But the rate of accrual going forward is slower.
our benefits are going through a major transformation. feels like every other month, there is something new. hard to keep up and absorb.
What am I missing? If I would have quit prior to 12/31/16 would I have gotten the higher amount? In both scenarios I assume my last day of employment is today.
I think the new pension is considerably worse. But they tried to make up for it by making the 401k slightly better (monthly match and immediate vest)