Pension plans should be limited to 401k with a generous company match. They should also fully vested after one year of service.
Defined benefit pension plans are stupid because the money winds up invested in the stock market anyway. Employees are better off with a 401k they can control.
I have all of that.
A defined plan, a 401K and after tax investments.
It ain’t what it used to be. And if you think any company is planning to a) vest after 1 year or b) have a generous match, you’re smokin wacky terbacky.
They will do ONLY what they think the competition is doing.
And they collude on that: you think they don’t all talk?
A famous employment case involving Apple was about Steven Jobs conspiring to prevent competitors from offering his best Engineers more money to leave.
So much for free markets in labor.
Not one of these SOB’s believes any of that crap. To them, it’s “what can I get away with”.
Been there, seen that.
I am hoping that 20 percent of shares will be repurchased so that dividend payouts will allow for dividend growth per share going forward, and share price expansion will boost my retirement portfolio.
Not all the money will go to shareholders, companies will pay off debt rather than refy at higher interest rates.
Companies with lower debt will be able to expand their busineses, hire peole.