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Oct 20, 2016
4:02
:04
pm
Pick-Six Coug
Heisman
Hopefully your retirement was reliant too much on the pension because those funds are theirs and not yours. If the
company fails, your funds may disappear. 401K is your asset and is safer.
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Pick-Six Coug
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Pick-Six Coug
Joined
Aug 11, 2016
Last login
Sep 27, 2024
Total posts
4,093 (206 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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