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Anyone else have a defined benefit pension plan?
| I Listen to Porn Podcasts | 08/04/25 |
| Zack | 08/04/25 |
| Below the Knee Amputee | 08/04/25 |
| Ass Sunstein | 08/04/25 |
| brown eyes and i were tired | 08/04/25 |
Poast new message in this thread
Date: August 4th, 2025 5:47 AM Author: I Listen to Porn Podcasts 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: Zack (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Reputation#49154654) |
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Date: August 4th, 2025 6:58 AM Author: Below the Knee Amputee Sorry, you will die at 61 years of age. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Reputation#49154659) |
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Date: August 4th, 2025 8:12 AM Author: Ass Sunstein The company will go out of business within 10 years. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Reputation#49154725) |
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Date: August 4th, 2025 8:22 AM Author: brown eyes and i were tired ((zurich is stained)) 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=2Reputation#49154734) |