In real General terms, I had 20 years service, credited with 13 years because of the pension stopped in 2006 . Lump sum payment would be a little less than 60k.
I am eligible to start receiving full pension payments in 8 years, since I have 20 years credited service. With the tax consequences and the reduction I would have to take, it's not feasible for me to even consider any lump sum payment. This may not be the case for everyone if they are older than me. I have not reached the age of 55 yet but getting close to it. I could draw around 650.00 per month at age 62. That amounts to close a to 8000.00 a year. Like I said in a earlier post, at this point, they are not offering the buyout option to anyone who is still employed by any XPO Company.