No. of Recommendations: 5
When you get the lump-sum offer, simply take that amount and go to a few of the higher rated insurance companies and put this cash amount into their single life or Joint Life annuity calculators and compare that to your XOM pension benefit. Pretty simple, actually.

Providing your pension benefit doesn't exceed the monthly PBGC guaranteed amount $5,607.95 (2019), it really doesn't matter what the funding level of the XOM pension fund is....although based on my understanding of the XOM financial statements, I wouldn't be very concerned either.

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