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2018 SPEEA Retirement Seminars

Learn more about your contract benefits related to retirement at a seminar at the SPEEA Halls in Tukwila and Everett with SPEEA Senior Director of Compensation and Retirement Matt Kempf.

To register for one of the seminars listed below, visit the Ed Wells Partnership website at https://edwells.web.boeing.com and search for SPEEA. (Accessible from within the Boeing firewall only)

SPEEA Tukwila 5 to 7 p.m. SPEEA Everett - 4:30 to 6:30 p.m.

2018

  • Jan. 2
  • Feb. 6
  • March 6
  • April 3
  • May 8
  • June 4
  • June 5
  • July 10
  • Aug. 7
  • Sept. 4
  • Oct. 2
     

  • Nov. 6 [FULL]
  • Dec. 4

2018

  • Jan. 3
  • Feb. 7
  • March 7
  • April 4
  • May 9
  • June 6
  • July 11
  • Aug. 8
  • Sept. 5
  • Oct. 3

  • Nov. 7 [FULL]
  • Dec. 5

Council Reps can request workplace lunchtime meetings (condensed) for their district by sending a scheduling request to Michelle Stanley at michelles@speea.org.

Nearing retirement? Increasing segment rates reduce lump sum benefits

If you’re thinking of retiring, SPEEA wants you to be aware that the Boeing Company Employee Retirement Plant (BCERP) lump sum benefits will likely be reducing in 2019.

On September 26, the Federal Open Market Committee increased their benchmark interest rate for the eighth time since 2015. The committee is projecting one more increase for 2018 and three additional increases in 2019.

While these increase rates do not directly translate in higher IRC 417(e) segment rates, they do indicate that it is still likely that the segment rates will continue to increase in 2018 and 2019. These changes will decrease the BCERP lump sum benefit.

If you are nearing retirement and/or interested in learning how the lump sum commencement option is calculated and may change in the future, click the link below to watch the webinar presentation by SPEEA Senior Director of Compensation and Retirement Matt Kempf.

 

Downloads available
Article: The impact of increasing segment rates on the BCERP lump sum benefits Presentation: Impact of increasing segment rates on BCERP lump sum benefits How to get a single scenario pension estimate



 



 

  Lump Sum 417e Annual Example