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Anyone else have a defined benefit pension plan?

I just fully vested after 15 years. No matter what, I am ow...
federal gas station
  08/04/25
...
chrome juggernaut
  08/04/25
Sorry, you will die at 61 years of age.
Rusted Boyish Degenerate Area
  08/04/25
The company will go out of business within 10 years.
galvanic bronze theatre twinkling uncleanness
  08/04/25
My wife had one but they froze it 10 years ago and replaced ...
Mind-boggling Indigo Jew Pit
  08/04/25
LOL it's a private company? Pepper anus for a corp restructu...
Hyperventilating Thirsty Set
  08/04/25
i'm a solo and my accountant set up a DB plan for me last ye...
sticky appetizing wagecucks principal's office
  08/04/25
Your accountant from a beach in Barbados: You don’t.
federal gas station
  08/09/25
I had one. The company discontinued it the literal second t...
chest-beating nursing home
  08/04/25
13% match is 180, but lol at the boomers at every single com...
Mind-boggling Indigo Jew Pit
  08/04/25
Market demands it, cost of capital, yadda yadda yadda
federal gas station
  08/09/25
...
Mind-boggling Indigo Jew Pit
  08/10/25


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Date: August 4th, 2025 5:47 AM
Author: federal gas station

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.

(http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49154596)



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Date: August 4th, 2025 6:54 AM
Author: chrome juggernaut



(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: Rusted Boyish Degenerate Area

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: galvanic bronze theatre twinkling uncleanness

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: Mind-boggling Indigo Jew Pit

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: Hyperventilating Thirsty Set

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: sticky appetizing wagecucks principal's office

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: federal gas station

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: chest-beating nursing home

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: Mind-boggling Indigo Jew Pit

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: federal gas station

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: Mind-boggling Indigo Jew Pit



(http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2),#49171243)