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Started By
Message
re: Do you have a pension?
Posted on 3/23/22 at 2:43 pm to HeartAttackTiger
Posted on 3/23/22 at 2:43 pm to HeartAttackTiger
Company still has a traditional pension for those that were grandfathered in prior to 2010. They will quit funding it in a few years but will replace that with a high % into the 401k.
This is not oil/gas.
This is not oil/gas.
0
Posted on 4/6/22 at 10:16 pm to Turf Taint
quote:
Non American oil company by chance?
Sounds like Shell.
Posted on 4/7/22 at 7:51 am to jmorr34
That’s really good. We basically get 17% match on base and bonus.
Posted on 4/7/22 at 7:55 am to HeartAttackTiger
Dumb question: what’s a true pension? Husband and I are both self employees so we have iras (traditional/sep/Roth) so I have no idea.
Posted on 4/7/22 at 8:44 am to tiger91
Like when a teacher would work 25 years for a state and then draw 50-70% of their salary. Not near as common now. Used to private companies had these kind of things. Now it’s mainly only government (and the FED pensions are not near what they used to be).
This post was edited on 4/7/22 at 8:45 am
Posted on 4/7/22 at 12:33 pm to Ostrich
quote:
FERS
Gov worker? Is this still considered a pension?
Posted on 4/7/22 at 1:16 pm to Odinson
quote:
Gov worker? Is this still considered a pension?
Yes. I guess technically it's a monthly annuity for the rest of my life starting at age 50.
quote:
(and the FED pensions are not near what they used to be).
This is true. Fed retirement is now a a combo of FERS and TSP (Govt 401K).
This post was edited on 4/7/22 at 1:19 pm
Posted on 4/7/22 at 1:31 pm to HeartAttackTiger
Yep, working for the state. Upon retirement they average the highest three years of earnings and then give you 2.5% per year of service of that (so 100% after 40 years, 75% at 30 years, etc).
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