Pension Retirement Planning: Nicor
The Nicor pension and thrift plans have evolved into complex packages over the years. With the 2006 Pension Protection Act implemented at the beginning of 2008, it can be more confusing than ever to figure out what benefits to expect upon retirement.
| Nicor uses a blend of the quarterly GATT rate and Corporate Bond rate to calculate lump sum distribution cashouts. Below are the current rates for employees retiring during October. |
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GATT rate: 4.5% |
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Corporate Bond rates: 4.64%, 4.97%, 4.98% |
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Source: www.irs.gov |
| Confused about your retirement options and when it’s in your best interest to retire? Come to Hanson McClain; we can help. |
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Hanson McClain specializes in the intricacies of Nicor’s company pension and thrift plans. |
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We offer Nicor employees FREE regular educational workshops and consultations. |
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Hanson McClain provides a custom retirement planning tool, the Independent Personal Retirement Overview (IPRO®), designed specifically for telecom and utility employees. |
Contact a Hanson McClain advisor who specializes in Nicor retirement planning.
Request an IPRO®
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