AT&T VSB & ESRO
Key Event Details
.svg)
Current Limited-Time Offering
Key details, eligibility, and deadlines for AT&T’s Voluntary Severance Benefit.
Taxation on Severance
How severance pay is taxed and strategies to manage the impact.
How to Claim Unemployment
Guidance on the steps to apply for unemployment benefits.
Evaluating Retirement Readiness
Determining if this severance aligns with your long-term goals.
Register
AT&T Pension Basics
Prior to taking a job from any company, most employees want to know what benefits they will receive outside of their salary or hourly rate. When it comes to AT&T specifically, one of the main questions asked about AT&T retirement benefits is, "Does AT&T have a pension?" Below, we cover three of the main facets of AT&T pensions. We encourage you to reach out to our team if you have questions specific to your particular situation.
AT&T's Mod 75
When it comes to AT&T pensions, the Modified Rule of 75—often referred to as Mod 75—plays a key role in determining your retirement age. Contrary to the common misconception, Mod 75 works in multiples of five, and your age plus years of service needs to equal 75, unless you have 30 years of service.
Pensions: Craft & CAM
Depending on how long you've been with AT&T, there are different formulas to determine your pension payout. The Craft formula is more straightforward, while the CAM formula considers several factors, including the years of service prior to the end of 1999.
Pension Payout Options
There are three payout options for AT&T employees: Single Life Annuity, Joint Life Annuity (50%, 75%, or 100%), or a Lump Sum. Both of the annuity options are taxable as income, while the lump sum isn't taxed until withdrawn, but is subject to required withdrawals.
.png)
