Pension calc does not represent current SS values. Calc is faulty.

Home Forums The Association of Raytheon Retirees Discussion Forum Pension calc does not represent current SS values. Calc is faulty.

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    • #12072
      Thomas Kager
      Participant

      Raytheon’s Pension calculation is erroneous in that it does not use actual SS payments to retirees.
      It is there formula, but it is not correct. In my case $40-60 short each month. The formula over states the SS payment thus reducing the value that Raytheon gets for the monthly payment of pension. Would like this organization to look into this and give me an answer.
      Thanky you. Tom Kager tmkagr47@icloud.com cell 401 207 3331.

    • #12075
      richard collins
      Participant

      You should call the benefits center.

      I retired last year and during one of my many calls to the benefits center I asked a pension specialist how they could calculate the pension amount if they only had social security estimates. She said the estimates were all they had at the time, and she said if at any time in the future I believed the pension amount was incorrect I should call back and they would review it and make adjustments if necessary.

      Make sure you talk to a pension “specialist”. The first person you talk to probably won’t be able to help with this
      Good luck

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