Southern California Edison Newsletter
August 2019
Casey S. Bartels, CFP® shares the July Pension Rate update and what it means for Grandfathered and Non-Grandfathered Southern California Edison Employees.
With one month to go before the official 2020 pension rates are published, we wanted to give you another update on the interest rates that affect your pension plan. Below is where the three segments stand as of August, and how they compare to the rates in place for 2019.
Segment 1: 2.34% vs. (3.10% for 2019)
Segment 2: 3.38% vs. (4.15% for 2019)
Segment 3: 4.01% vs. (4.46% for 2019)
***Rates have been trending down. The August rates are lower than June and July rates. We will update you again in September when the official rates that affect your 2020 pension options are released. If you have questions or would like us to schedule a meeting, please click here.