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To: meyer; greeneyes; Cletus.D.Yokel

Meyer,

I agree with the strategy in what greeneyes posted.

How long till the max point for your retirement benefits?

Also, I wonder if these folks

https://adflegal.org/about-us?gclid=Cj0KCQjw6s2IBhCnARIsAP8RfAg_8nrkkeBVxUfa_BR5BrvJGdkF5qtZlak3kb4qgvYC5n5OfOww4z0aApUuEALw_wcB

are representing people being coerced?


991 posted on 08/11/2021 9:22:19 AM PDT by WildHighlander57 ((WildHighlander57 returning after lurking since 2000) )
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To: WildHighlander57
How long till the max point for your retirement benefits?

It's a defined-contribution plan, so the longer I'm working, the more money goes in, same with SS and the 401K. The one downfall is that around 2013 or so, the President of our company decided, as a cost-cutting measure, to cut in half the amount that they were putting into our pension plan, though they did increase the company match in the 401 to compensate.

The 401 is outside of the purview of our retirement system board, so they can basically hack that match at any time.

Anyway, the difference in pension between leaving next January versus 2 1/2 years later is just over $300 a month of retirement income. Of course, the SS benefit will be higher too, if it survives.

996 posted on 08/11/2021 9:37:02 AM PDT by meyer (I swear to protect and defend the Constitution against ALL enemies, foreign and domestic!)
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