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Oct 20, 2016
11:09
:45
am
chago04
All-American
Came in to work this morning to find out they are discontinuing my pension
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chago04
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chago04
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Sep 16, 2009
Last login
Mar 10, 2024
Total posts
118,222 (47,202 FO)
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Messages
Author
Time
Came in to work this morning to find out they are discontinuing my pension
chago04
10/20/16 11:09am
Is it at least frozen at its current amount?
RdF3
10/20/16 11:12am
Yes, no more contributions as of 1/1/17 but I am 6 months from fully vesting
chago04
10/20/16 11:15am
I don't have nearly enough detail to say for sure, but often in these
gwalker
10/20/16 11:34am
this is happening all over. I feel bad for the guys I work with that stay only
Mayor of Cougartown
10/20/16 11:15am
RE: Came in to work this morning to find out they are discontinuing my pension
BE-WHY-YOU
10/20/16 11:17am
Yep. Happened to me starting this year. My pension stopped at a bit over 30 yrs
Zenoch
10/20/16 11:25am
When that happened for me we got an option of taking some as cash or rolling
BW84
10/20/16 11:29am
Pretty normal these days. Mine was frozen 7 years ago.
Singcat
10/20/16 11:32am
It was normal 10-15 years ago. I didn't think anybody in the private sector had
workindev
10/20/16 11:40am
I work for a company that has a significant portion of pension business
chago04
10/20/16 11:43am
I have one, and work for a private company.
jensen46
10/20/16 12:53pm
Mars Inc. still does
flavordave
10/20/16 12:57pm
I don't know if I should be mad or jealous of govt pensions.
mudpupper
10/20/16 11:41am
Well, I make less than half of my private sector equivalent, so there's that.
IndependentGeorge
10/20/16 11:45am
If 80% of the fed gov was let go tomorrow, you would see no difference
Iman23
10/20/16 11:53am
the fact that they are held up by our tax $$ is the real gut punch
Saxa
10/20/16 12:11pm
as an actuary, are you surprised?
g$
10/20/16 11:51am
Only because a large portion of our business is the pension division.
chago04
10/20/16 12:09pm
Hopefully your retirement was reliant too much on the pension because those funds are theirs and not yours. If the
Pick-Six Coug
10/20/16 4:02pm
It's a Fortune 500 company, so it won't fail anytime soon but I have always
chago04
10/20/16 4:08pm
That's good.
Pick-Six Coug
10/20/16 4:13pm
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