It's fairly easy , kilo , for an employer like Xerox to make a mistake on lump sum calculations with the terribly complicated IRS regulations out there now . And to see that , all you have to do is spend some time on the PBGC web site and read their Federal lump sum guidelines for employers to follow to see that . And , of course , Xerox didn't do themselves any favors by giving people the " higher of the three " calculations that many other employers don't give their retirees . And , of course , Xerox is going to fix that in the future by ONLY giving retirees their " cash balance " fund account , which is almost always the lowest dollar amount .
Myself , I got much more in my lump sum calculation because Xerox was very generous and my " transitional " account was based on the stock market , which when I left in 2000 , was at a all time high . So , because I was afarid that if I asked Xerox to recalculate my lump sum , that Xerox might actually ask for some money back
, I never called these guys . HOWEVER , I certainly am NOT critical of those who do join these class action law suit cases .
On ARXE , it's been asked by a member if ARXE is going to get involved in this suit . It'll be interesting to watch this unfold .
