For those have left EY, how much did you receive for your pension cash settlement and how many years were you with EY?

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120k 20 years. Before I left I checked the value and it was 140k. After they “revalued” the pension two months after I left, the value dropped by 20k

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There is a tool on the EY site that calculates this for you

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Where do you check this?

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If you take it and don't roll it into a retirement account, you'll pay the early withdrawal penalty in addition to regular income tax.

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Can someone please tell us how to check this?

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Word of caution: the above experiences relate to the old pension system.

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$123k, 9.5 years at EY

How do you get the money? Do you need to transfer it to another pension fund or they just write you a check?

You can have them write you a check but if you do, it will be included as income for you. I just rolled mine into my 401k. They send you the He check and you need to send it to the 401k administrator. If you do that you need to contact 401k administrator first to find out exactly what needs to be on the check before EY cuts it

What was the reason for decreasing by so much?

@EY4 go to Benefits express. Go to retirement. They claimed it decreased based on federal interest rates

The amounts are based on salsry, years of service, and your age at the time. It is also based on minimum interest rates. In other words asking other people their benefit is pretty dumb as it will not really be related to yours at all unless all those factors are the same.

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