B Calm
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Sun May-01-05 08:42 AM
Original message |
Does your employer still offer a pension plan? |
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My last two employers do not offer the employees a pension plan anymore. The 401K has replaced it.. For the younger generation, it wasn't that many years ago when employers offered pension plans to workers.
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liberalitch
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Sun May-01-05 08:48 AM
Response to Original message |
1. I'm lucky.... Most public school systems |
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offer state pensions I'm very very lucky
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phylny
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Sun May-01-05 08:50 AM
Response to Original message |
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My husband works for a big "evil" corporation, and he will have a pension plan, stock, and health care upon his retirement, in addition to our 401Ks.
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Snotcicles
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Sun May-01-05 08:53 AM
Response to Reply #2 |
4. Did an "evil " Union collectively bargin for it? n/t |
phylny
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Sun May-01-05 08:56 AM
Response to Reply #4 |
6. No, but the company has plenty of unions |
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Edited on Sun May-01-05 08:57 AM by phylny
and respects union workers, with no attempt to replace them. My husband is management and not in a union, but his place of work has all unionized workers, and he likes every one of them.
The company itself is on the "evil" list, though
:evilgrin:
edited to say the union workers get the same pension/healthcare/401K deal.
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Wcross
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Sun May-01-05 08:50 AM
Response to Original message |
3. Yes they do in addition to a 401k plan. |
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It is run on a points system. 86 is the minimum and has reduced benefits, 96 is when you get the full amount. (AGE + Years of service) The amount of the pension is based on the average of your last five years- a lot of guys are working tons of overtime to up the pension. I expect my pension to be in the 3500 a month range.
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shrike
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Sun May-01-05 08:54 AM
Response to Reply #3 |
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And I thought hubby had a great pension plan. We're getting 2,000 a month plus SS.
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B Calm
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Sun May-01-05 08:56 AM
Response to Original message |
7. My last employer did offer a pension plan, but decided to do |
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away with it. They said if you had 5 years with the company that you would remain vested with the old pension, but it wouldn't grow anymore. I had four and half years senority.
I see this as a growing trend with corporations to do away with pensions..
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notadmblnd
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Sun May-01-05 08:58 AM
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8. I was fully vested in my companys pension plan before they off- |
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shored my job. So if they continue to exist, I should be able to obtain my pension when I'm old enough. I did however rollover my 401k into an annuity. My company tried to encourage me to leave it with them but I found out if you are no longer an active employee, they don't have to pay you interest.
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bemildred
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Sun May-01-05 09:18 AM
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B Calm
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Sun May-01-05 09:21 AM
Response to Reply #9 |
10. I drove an 18 wheel truck for Auto Zone.. |
bemildred
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Sun May-01-05 09:36 AM
Response to Reply #10 |
12. The last time I had a job with a pension was 1980. |
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The last time I had a job was 2002. How was the driving job?
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B Calm
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Sun May-01-05 09:46 AM
Response to Reply #12 |
15. Back surgery caused because the employer was too cheap |
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to purchase electric jacks to make unloaading easier and two broken wrists from a bad fall, I have to say the driving was the easy part.
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CatholicEdHead
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Sun May-01-05 09:33 AM
Response to Original message |
11. Still have one at my current workplace |
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but I am not sure I will be around the 4 years 9 months to be eligible for it.
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hack89
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Sun May-01-05 09:38 AM
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13. Yes - a pension plus a 401K. |
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It is a typical package for large defense companies.
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teamster633
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Sun May-01-05 09:39 AM
Response to Original message |
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With the 30 year and out clause which is a long standing part of our contract, I hope to start collecting on October 4, 2011. And as my screen name would suggest, a big, evil union is responsible for this abomination against the capitalist creed.
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thebaghwan
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Sun May-01-05 09:47 AM
Response to Original message |
16. Yes, this wonderful place I started working at one year ago this Tuesday |
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has both and they are tied together. You can donate to the 401k and they match the first 6% at 50% like most companies do but they also have a pension plan which donates 6% of your annual pay (out of their pockets) to your 401k as the pension plan. What's nice is after the first year, they throw in the 6% in a lump sum then every month thereafter they add a 1/12 of the 6%, plus your deposits plus their matching. Goes up real fast.
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justgamma
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Sun May-01-05 09:49 AM
Response to Original message |
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30 and out. I've got 33 years in. They tried to do away with it and go to 401K. My fellow union members turned them down flat. They were offering $1.00 for every $10.00 put in. Right now they pay $30.00 a week toward the pension. I'd be retired today if I could afford insurance.
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teamster633
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Sun May-01-05 10:25 AM
Response to Reply #17 |
18. The insurance angle will be a consideration for me as well. |
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I'll probably have to pick up some sort of part-time work to cover the cost of remaining in our insurance pool at my current coverage. We do have one more major contract before my retirement date, though. It would be nice to think that issue would be addressed.
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B Calm
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Sun May-01-05 09:33 PM
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19. Does anyone who works at a non union shop still have a pension |
newportdadde
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Sun May-01-05 09:38 PM
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20. We have profit sharing. |
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Edited on Sun May-01-05 09:41 PM by newportdadde
of which some gets put into our company 'stock' the rest goes into our 401k.
Given my house situation which I feel good about and I'm planning on trading up my biggest concern about getting to retire at a decent time will be health insurance.
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Fri May 03rd 2024, 08:20 PM
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