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Anyone else have a defined benefit pension plan?
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Date: August 4th, 2025 5:47 AM Author: sickened kitty liquid oxygen 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: clear queen of the night area (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154654) |
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Date: August 4th, 2025 6:58 AM Author: Sable motley ticket booth hominid Sorry, you will die at 61 years of age. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154659) |
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Date: August 4th, 2025 8:12 AM Author: Erotic dull national affirmative action The company will go out of business within 10 years. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154725) |
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Date: August 4th, 2025 8:22 AM Author: talented opaque resort 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=2Vannesa#49154734) |
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Date: August 4th, 2025 8:49 AM Author: curious plum dingle berry LOL it's a private company? Pepper anus for a corp restructuring where they shed the pension (likely private equity driven). Although I think for ur tiny pink pension, PBGC will cover the full amount (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154760) |
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Date: August 4th, 2025 8:52 AM Author: 180 painfully honest voyeur i'm a solo and my accountant set up a DB plan for me last year, and i have no idea how the fuck it works. my S corp paid 300k into the plan last year and got a huge tax deduction. i have no idea how i see this money or when (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154762) |
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Date: August 9th, 2025 6:14 PM Author: I Listen to Porn Podcasts Your accountant from a beach in Barbados: You don’t. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49170386) |
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Date: August 4th, 2025 8:53 AM Author: Brindle Field I had one. The company discontinued it the literal second the last boomer retired. It was the boomer CEO on his way out the door. They did replace it with a 13% match though. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154764) |
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Date: August 4th, 2025 10:22 AM Author: talented opaque resort 13% match is 180, but lol at the boomers at every single company pulling the ladder up behind them (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49154949) |
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Date: August 9th, 2025 6:15 PM Author: I Listen to Porn Podcasts Market demands it, cost of capital, yadda yadda yadda (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49170387) |
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Date: August 10th, 2025 7:28 AM Author: BUTT CUT | CARHARTT DAD | NOJOB ((zurich is stained)) (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Vannesa#49171243) |