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re: When do you value pension benefit vs pay?
Posted on 1/14/24 at 5:43 pm to CharlesUFarley
Posted on 1/14/24 at 5:43 pm to CharlesUFarley
quote:
You still have risk with the pension, even a Government pension. Numerous municipal pensions systems have gone belly up in the past, and I know some state pensions are in trouble now.
Just think of the Flint Michigan and Jackson Mississippi Water systems. The same processes that put those people in charge will be employed to select your pension manager, and you don't get a vote.
Solid point. I work for the state of La and ours has been managed pretty solidly so I tend to get a bit myopic about it.
1
Posted on 1/15/24 at 8:03 am to Bard
At your death, pension plans are no longer owned by your estate (surviving spouse is different). Where a retirement plan is your own to pass on.
A huge portion of pension plan employees feel obligated to stay at their current employer while giving up potential higher income or happiness because they don’t want to leave their current employer and lose the pension.
I am by no means against a pension, but there’s a lot of factors to consider.
A huge portion of pension plan employees feel obligated to stay at their current employer while giving up potential higher income or happiness because they don’t want to leave their current employer and lose the pension.
I am by no means against a pension, but there’s a lot of factors to consider.
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