.25% on $6k is $15. You sure it's not .25 or 25%, that would be them contributing $1500 on $6k.
Pension plans get underfunded when you don't operate them or fund them properly. When you see an underfunded plan, you are almost always looking at a plan that either had the sponsor not making full contributions, had unreasonable return assumptions and/or a plan that added benefits without properly accounting/paying for their cost. If you properly operate and fund a pension plan, it is the most predictable retirement plan.
Yes i agree all that greatly helps but it also has to do with everyone's work ethic and financial responsibility. I have been with DH since we were 17 and I have had a child since i was 19. Yes not the norm and we definitely did not fall into the stereotype people make for young parents we actually do pretty well for ourselves. It hasn't always been the case, but we have worked hard. On the other hand i have friends who still are not married, still no kids, good job but don't know how to save or anything about setting up retirements and are already in debt not including school loans.
It $0.25 per dollar up to 6%. So yes 25% not .25% My bad. I knew what I was saying. I wrote it wrong. lol
Yeah, still dismal compared to packages of the past. Companies used to compete for decent employees with good perks. Jobs used to feel like a family, and loyal employees meant experienced cost effective staff. Now, pfft. Something's definitely missing today. Some for the better, more for the worse.
My company Moved away from the typical type of pension plan early 2000. so I habe a few yrs vested as a fixed income.
Yes, but I do have other good perks. I get 5 weeks PTO, a "pension", a wellness subsidy, low deductible health insurance for a fairly low premium (that covers my domestic partner), dental and vision that covers my 24 year old daughter, free top-notch CPE credit courses, annual professional dues paid, the week off between Christmas and New Years, annual bonuses and raises, and a pretty clear promotion path. I have no complaints about my benefits package. I feel blessed to work where I do.
Of course they do. Where do you get these ideas?
Wish I heard more people having that experience. Definitely a great pkg. Harder to come by today.Yes, but I do have other good perks. I get 5 weeks PTO, a "pension", a wellness subsidy, low deductible health insurance for a fairly low premium (that covers my domestic partner), dental and vision that covers my 24 year old daughter, free top-notch CPE credit courses, annual professional dues paid, the week off between Christmas and New Years, annual bonuses and raises, and a pretty clear promotion path. I have no complaints about my benefits package. I feel blessed to work where I do.
Boomers are easy for me to remember. My Mom's a first year Boomer and her first child the last year, 1946 and1964 respectively. But never remember what the heck I am... a 70s child. Oh yeah, Gen X!
My parents are Boomers (born in '45 and '48) and I'm Gen X, which includes people younger than me. LOL
