Headcount reduction measures affecting both Management and Union members are underway summer 2020. With interest rates near historic lows, Pension Lump Sums are near historic highs. Should you claim your Pension Lump Sum immediately or “play the interest rate game”? . We also review the three critical steps to take before your last day on payroll and the potential impact your Severance, Pension, and Social Security may have on unemployment benefits. . . Disclosure: The Retirement Network and AT&T are not affiliated in any way. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and many be invested into directly. Stock investing involves risk including loss of principal. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Government bonds and Treasury bills are guaranteed by the US. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.