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Anyone else have a defined benefit pension plan?
| I Listen to Porn Podcasts | 08/04/25 |
| Zack | 08/04/25 |
| Below the Knee Amputee | 08/04/25 |
| Ass Sunstein | 08/04/25 |
| brown eyes and i were tired | 08/04/25 |
| hung stud | 08/04/25 |
| .,:,;,..,;.,::,..,:,.,.:..,;.,::,..,:,.,.: | 08/04/25 |
| Emperor CRISPR Chad von Neumann III | 08/04/25 |
| brown eyes and i were tired | 08/04/25 |
Poast new message in this thread
Date: August 4th, 2025 5:47 AM Author: I Listen to Porn Podcasts 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: Zack (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Elisa#49154654) |
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Date: August 4th, 2025 6:58 AM Author: Below the Knee Amputee Sorry, you will die at 61 years of age. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Elisa#49154659) |
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Date: August 4th, 2025 8:12 AM Author: Ass Sunstein The company will go out of business within 10 years. (http://www.autoadmit.com/thread.php?thread_id=5758002&forum_id=2Elisa#49154725) |
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Date: August 4th, 2025 8:22 AM Author: brown eyes and i were tired ((zurich is stained)) 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=2Elisa#49154734) |
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Date: August 4th, 2025 8:49 AM Author: hung stud 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=2Elisa#49154760) |
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Date: August 4th, 2025 8:52 AM Author: .,:,;,..,;.,::,..,:,.,.:..,;.,::,..,:,.,.: 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=2Elisa#49154762) |
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Date: August 4th, 2025 8:53 AM Author: Emperor CRISPR Chad von Neumann III 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=2Elisa#49154764) |
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Date: August 4th, 2025 10:22 AM Author: brown eyes and i were tired ((zurich is stained)) 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=2Elisa#49154949) |