Yes, no more contributions as of 1/1/17 but I am 6 months from fully vesting

Oct 20, 2016
11:15:47am

chago04 All-American

so I don't know what that means for me. To their credit, they are contributing more to a DC retirement account to somewhat make up for it but not nearly enough in my case.

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chago04

Bio page: chago04
Joined: 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?

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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