My Operating Engineers pension: I was getting ~$1300 a month (pretax) but since I started working again in Alaska I had to stop it (even though I am in a different union).
I won’t be vested in the Teamsters until 5 years from now and I don’t think I will be getting that because I don’t anticipate my job being here that long (especially now that Obama was elected). The ~$600 a month I put into that pension (plus dues) is something I will never see as I’ll never get vested. I wish I could just put that cash into a mutual fund somewhere.
The OE pension is/was nice but I won’t be able to live on it when I leave this job and get it reinstated (although I have a military pension which will allow some relief). Plus, since I gave up my pension to work here, I’m not sure if it will be as much when it’s re-instated since the stock market crash.
Of course I’m looking forward to my pension...it cost me enough. ;-)
Wow...that is alot. I was in a tier where I paid 'nothing' into the system. I was in the last tier where that benefit was offered. After that tier, they had started deducting.
Since it's NY state pension, I think I am pretty safe in seeing it - since I think there would be literally millions of people affected....that would be some war.....
I won't be able to 'live' on my pension either.....but it's a very nice added security.