Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Alberta's Child

I know quite a few people who have worked at the same high tech company for twenty years or more.


20 posted on 05/21/2020 5:49:18 AM PDT by Oldexpat (Stand strong VA.)
[ Post Reply | Private Reply | To 14 | View Replies ]


To: Oldexpat
I know quite a few people who have worked at the same high tech company for twenty years or more.

Most all the tech companies like Lockheed, Raytheon, etc did away with their pension plans in the early 2000's. So there are a few people hanging on for pension plans, but not that many.

My wife worked for a local Gov't that did away with a pension retirement plan, but instead, matched employee contributions into an 'IRA like plan' that has a guaranteed interest rate of 7.5%; that's actually pretty good, because the stock market swings don't affect her.

34 posted on 05/21/2020 7:45:11 AM PDT by 11th_VA (May you live in interesting times - Ancient Chinese Proverb)
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson