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Anyone else have a defined benefit pension plan?
| Wonderful Pit | 08/04/25 |
| Racy Round Eye | 08/04/25 |
| insanely creepy fanboi keepsake machete | 08/04/25 |
| arousing ultramarine church | 08/04/25 |
| histrionic plum dragon | 08/04/25 |
| Abusive Frum Tanning Salon | 08/04/25 |
| puce frisky newt volcanic crater | 08/04/25 |
| Wonderful Pit | 08/09/25 |
| Razzle-dazzle Pervert | 08/04/25 |
| histrionic plum dragon | 08/04/25 |
| Wonderful Pit | 08/09/25 |
| histrionic plum dragon | 08/10/25 |
Poast new message in this thread
Date: August 4th, 2025 5:47 AM Author: Wonderful Pit I just fully vested after 15 years. No matter what, I am owed $25k per year for the rest of my life (25% of salary but based on $100k cap) starting at age 62. Over the next 15 years that eventually goes up to fifty percent of salary and the cap should grow somewhat for inflation (but won’t actually keep pace with inflation).
Company plans to keep it, but has scaled it way back. Some of these boomers I work with are retiring with 70 percent off their high three years with no cap. |
Date: August 4th, 2025 6:54 AM Author: Racy Round Eye (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154654) |
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Date: August 4th, 2025 6:58 AM Author: insanely creepy fanboi keepsake machete Sorry, you will die at 61 years of age. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154659) |
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Date: August 4th, 2025 8:12 AM Author: arousing ultramarine church The company will go out of business within 10 years. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154725) |
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Date: August 4th, 2025 8:22 AM Author: histrionic plum dragon My wife had one but they froze it 10 years ago and replaced it with a 9% 401k contribution. These things are extremely uncommon in nonunionized workplaces and are becoming fairly uncommon in union contracts as well. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154734) |
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Date: August 4th, 2025 8:49 AM Author: Abusive Frum Tanning Salon LOL it's a private company? Pepper anus for a corp restructuring where they shed the pension (likely private equity driven). Although I think for ur tiny pink pension, PBGC will cover the full amount (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154760) |
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Date: August 4th, 2025 8:52 AM Author: puce frisky newt volcanic crater i'm a solo and my accountant set up a DB plan for me last year, and i have no idea how the fuck it works. my S corp paid 300k into the plan last year and got a huge tax deduction. i have no idea how i see this money or when (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154762) |
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Date: August 9th, 2025 6:14 PM Author: Wonderful Pit Your accountant from a beach in Barbados: You don’t. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49170386) |
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Date: August 4th, 2025 8:53 AM Author: Razzle-dazzle Pervert I had one. The company discontinued it the literal second the last boomer retired. It was the boomer CEO on his way out the door. They did replace it with a 13% match though. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154764) |
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Date: August 4th, 2025 10:22 AM Author: histrionic plum dragon 13% match is 180, but lol at the boomers at every single company pulling the ladder up behind them (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154949) |
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Date: August 9th, 2025 6:15 PM Author: Wonderful Pit Market demands it, cost of capital, yadda yadda yadda (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49170387) |
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Date: August 10th, 2025 7:28 AM Author: histrionic plum dragon (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49171243) |