In the July pension rate update, Casey Bartels, CFP®, reviews the current trend in Southern California Edison pension rates ahead of the official rates expected to be announced in September. For SCE employees and retirees considering their retirement options, understanding pension rate movements is an important part of evaluating potential lump-sum pension values and retirement income decisions.
Casey's comments only apply to employees that were hired before December 31, 2017. Newer employees receive an extra profit-sharing contribution in their 401(k). If you were hired after 2017, please contact us for specifics.
Educating Edison is our monthly video series aimed at helping Southern California Edison employees better navigate their financial life.
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