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re: does your company still offer a pension?

Posted on 2/23/15 at 3:26 pm to
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24941 posts
Posted on 2/23/15 at 3:26 pm to
Yes, after you have been there 2 years.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3816 posts
Posted on 2/23/15 at 3:29 pm to
Yes. Both my current and my previous.

Previous was formula based on 1.6% x years of service x final salary.

New is accumulated %'s of salary x final salary. First year for me is 4%.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37709 posts
Posted on 2/23/15 at 3:30 pm to
Plan got axed a couple years ago. I just know if you started there and retired there when eligible you would be like 25% of your avg final 5 year salary + ~.5% for each additional year past retirement age.
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