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How Have Recent Interest Rates Increases Impacted Your SCE Pension Benefits?

Education Edison

June 2022

 

With the current increase in interest rates, what will be the impact on your SCE pension benefits? In this month's Educating Edison video, Casey Bartels, CFP®, discusses this rate trend, its potential impact on grandfathered and non-grandfathered employees, and what to consider if you plan to retire soon.

Official 2023 SCE pension rates are announced this September. Casey's comments only apply to employees that were hired before December 31, 2017. Newer employees receive an extra 6% profit-sharing contribution in their 401(k).

Educating Edison is our monthly video series aimed at helping Southern California Edison employees better navigate their financial life. If you have questions regarding how these rates impact you or would like to discuss your financial plan, please schedule a conversation here.