Does your employer still offer a pension plan?

[B Calm]

My last two employers do not offer the employees a pension plan anymore. The 401K has replaced it.. For the younger generation, it wasn't that many years ago when employers offered pension plans to workers.

[liberalitch]

1. I'm lucky.... Most public school systems

offer state pensions
I'm very very lucky

[phylny]

2. We're lucky.

My husband works for a big "evil" corporation, and he will have a pension plan, stock, and health care upon his retirement, in addition to our 401Ks.

[Snotcicles]

4. Did an "evil " Union collectively bargin for it? n/t

[phylny]

6. No, but the company has plenty of unions

and respects union workers, with no attempt to replace them. My husband is management and not in a union, but his place of work has all unionized workers, and he likes every one of them.

The company itself is on the "evil" list, though

:evilgrin:

edited to say the union workers get the same pension/healthcare/401K deal.

[Wcross]

3. Yes they do in addition to a 401k plan.

It is run on a points system. 86 is the minimum and has reduced benefits, 96 is when you get the full amount. (AGE + Years of service) The amount of the pension is based on the average of your last five years- a lot of guys are working tons of overtime to up the pension.
I expect my pension to be in the 3500 a month range.

[shrike]

5. Wow. Sweet

And I thought hubby had a great pension plan. We're getting 2,000 a month plus SS.

[B Calm]

7. My last employer did offer a pension plan, but decided to do

away with it. They said if you had 5 years with the company that you would remain vested with the old pension, but it wouldn't grow anymore. I had four and half years senority.

I see this as a growing trend with corporations to do away with pensions..

[notadmblnd]

8. I was fully vested in my companys pension plan before they off-

shored my job. So if they continue to exist, I should be able to obtain my pension when I'm old enough. I did however rollover my 401k into an annuity. My company tried to encourage me to leave it with them but I found out if you are no longer an active employee, they don't have to pay you interest.

[bemildred]

9. What employer? nt

[B Calm]

10. I drove an 18 wheel truck for Auto Zone..

[bemildred]

12. The last time I had a job with a pension was 1980.

The last time I had a job was 2002.
How was the driving job?

[B Calm]

15. Back surgery caused because the employer was too cheap

to purchase electric jacks to make unloaading easier and two broken wrists from a bad fall, I have to say the driving was the easy part.

[CatholicEdHead]

11. Still have one at my current workplace

but I am not sure I will be around the 4 years 9 months to be eligible for it.

[hack89]

13. Yes - a pension plus a 401K.

It is a typical package for large defense companies.

[teamster633]

14. Yes.

With the 30 year and out clause which is a long standing part of our contract, I hope to start collecting on October 4, 2011. And as my screen name would suggest, a big, evil union is responsible for this abomination against the capitalist creed.

[thebaghwan]

16. Yes, this wonderful place I started working at one year ago this Tuesday

has both and they are tied together. You can donate to the 401k and they match the first 6% at 50% like most companies do but they also have a pension plan which donates 6% of your annual pay (out of their pockets) to your 401k as the pension plan. What's nice is after the first year, they throw in the 6% in a lump sum then every month thereafter they add a 1/12 of the 6%, plus your deposits plus their matching. Goes up real fast.

[justgamma]

17. Yes, thank goodness

30 and out. I've got 33 years in. They tried to do away with it and go to 401K. My fellow union members turned them down flat. They were offering $1.00 for every $10.00 put in. Right now they pay $30.00 a week toward the pension.
I'd be retired today if I could afford insurance.

[teamster633]

18. The insurance angle will be a consideration for me as well.

I'll probably have to pick up some sort of part-time work to cover the cost of remaining in our insurance pool at my current coverage. We do have one more major contract before my retirement date, though. It would be nice to think that issue would be addressed.

[B Calm]

19. Does anyone who works at a non union shop still have a pension

plan?

[newportdadde]

20. We have profit sharing.

of which some gets put into our company 'stock' the rest goes into our 401k.

Given my house situation which I feel good about and I'm planning on trading up my biggest concern about getting to retire at a decent time will be health insurance.