{"id":1075,"date":"2023-10-13T19:47:33","date_gmt":"2023-10-13T19:47:33","guid":{"rendered":"https:\/\/safemoneymindset.com\/staging\/?p=1075"},"modified":"2023-11-10T19:43:02","modified_gmt":"2023-11-10T19:43:02","slug":"att-pension-transfers-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/safemoneymindset.com\/staging\/att\/att-pension-transfers-what-you-need-to-know\/","title":{"rendered":"AT&#038;T Pension Transfers &#8211; What You Need To Know"},"content":{"rendered":"<p>Monthly pensions provide a reliable income source, but who manages them may change. Companies often transfer pension responsibilities to third parties to reduce costs and investment obligations. AT&amp;T&#8217;s recent pension transfer of $8.1 billion in liabilities to Athene is an example.<\/p>\n<p>This article delves into what an AT&amp;T pension transfer means:<\/p>\n<p><strong>Who&#8217;s Affected by an AT&amp;T Pension Transfer?<\/strong><\/p>\n<p>These transfers often involve retirees with monthly benefits below a certain threshold. In this case, around 96,000 AT&amp;T retirees receiving less than $2,200 monthly are impacted. Those affected have been notified by <a href=\"https:\/\/safemoneymindset.com\/staging\/att\/att-benefits-overview\/\" style=\"outline: none;\">AT&amp;T Benefits<\/a>.<\/p>\n<p><strong>What Changes for AT&amp;T Retirees?<\/strong><\/p>\n<p>While the entity handling payments changes, the payment amount remains the same. Athene will take over payments, starting with the August pension payment. Retirees will receive a welcome kit from Athene in July, outlining any necessary steps.<\/p>\n<p>If your pension currently covers health coverage or Medicare Part B premiums, these aspects will be administered differently, but your pension itself remains secure.<\/p>\n<p><span><a href=\"https:\/\/questcommonwealth.com\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" alt=\"\" data-id=\"1443\" width=\"885\" data-init-width=\"1080\" height=\"246\" data-init-height=\"300\" title=\"Branding Ads wCTAs (1080 x 300 px) (1)\" loading=\"lazy\" src=\"https:\/\/safemoneymindset.com\/staging\/wp-content\/uploads\/2023\/11\/Branding-Ads-wCTAs-1080-x-300-px-1.jpg\" data-width=\"885\" data-height=\"246\" data-link-wrap=\"true\" style=\"aspect-ratio: auto 1080 \/ 300;\"><\/a><\/span><span><a href=\"https:\/\/questcommonwealth.com\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" alt=\"\" data-id=\"1442\" width=\"0\" data-init-width=\"1080\" height=\"0\" data-init-height=\"1080\" title=\"Branding Ads wCTAs (1)\" loading=\"lazy\" src=\"https:\/\/safemoneymindset.com\/staging\/wp-content\/uploads\/2023\/11\/Branding-Ads-wCTAs-1.jpg\" data-width=\"0\" data-height=\"0\" style=\"aspect-ratio: auto 1080 \/ 1080;\" data-link-wrap=\"true\"><\/a><\/span><\/p>\n<p><strong>Why Transfer Pension Obligations?<\/strong><\/p>\n<p>Companies make these transfers to enhance participant security, reduce costs, administrative duties, and financial risks. It&#8217;s often done when interest rates increase, shrinking pension liabilities.<\/p>\n<p><strong>Is Your Pension Secure?<\/strong><\/p>\n<p>For retirees affected by the transfer, Athene is a well-rated insurance company specializing in managing annuity payment risks. Additionally, state guaranty associations offer protection, and government regulations ensure benefit security.<\/p>\n<p>In summary, if the <a href=\"https:\/\/safemoneymindset.com\/staging\/att\/\" style=\"outline: none;\">AT&amp;T pension transfer<\/a> affects you, rest assured that your pension payments will continue as usual, albeit from a new provider. If you&#8217;re an AT&amp;T employee planning for retirement, consider meeting with an AT&amp;T-experienced financial adviser for personalized guidance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monthly pensions provide a reliable income source, but who manages them may change. Companies often transfer pension responsibilities to third parties to reduce costs and investment obligations. AT&amp;T&#8217;s recent pension transfer of $8.1 billion in liabilities to Athene is an example. This article delves into what an AT&amp;T pension transfer means: Who&#8217;s Affected by an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[29],"tags":[35,32],"class_list":["post-1075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-att","tag-att","tag-att-pension-plans","post-wrapper","thrv_wrapper"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.10 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AT&amp;T Pension Transfers - What You Need To Know - Safe Money Mindset<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AT&amp;T Pension Transfers - What You Need To Know\" \/>\n<meta property=\"og:description\" content=\"Monthly pensions provide a reliable income source, but who manages them may change. 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