When that happened for me we got an option of taking some as cash or rolling

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Oct 20, 2016
11:29:55am

BW84 All-American

When that happened for me we got an option of taking some as cash or rolling

it to our 401k. That was nice.

Report problem with this ad

BW84

Bio page: BW84
Joined: Feb 7, 2003
Last login: Jun 19, 2024
Total posts: 84,162 (13,095 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad