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Old 12-09-2013, 12:14 PM
 
106 posts, read 138,978 times
Reputation: 77

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Greetings!

Does your employer still offer a pension? And if so, what kind of business is it?

Happy Trails,

MtMtnMan
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Old 12-10-2013, 10:24 AM
 
77 posts, read 101,385 times
Reputation: 50
Yes, I have a pension, work for state government, but it has been dramatically overhauled for new hires. I went into public service for the job security and pension, if I was just coming out of college now, I would not recommend public service, the pay is really bad and the great benefits are being reduced.
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Old 12-10-2013, 05:48 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,389 posts, read 50,582,032 times
Reputation: 28622
Yes, and it's pretty decent, though now in the 3rd iteration. Those retiring now paid less per month and will get a lot more when they retire than those hired after about 2008. We also have a 401k plan to supplement it. One can get at least a small retirement with just 5 years service. Public Agency (elected district directors, but not federal, state, county, or city).
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Old 12-11-2013, 06:01 PM
 
11,896 posts, read 14,359,727 times
Reputation: 7526
No. I work in the private sector.
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Old 12-11-2013, 07:38 PM
 
Location: Bay Area, CA
28,178 posts, read 43,452,271 times
Reputation: 18562
Yes, and I work in local/county government for a public library. We get CalPERS, which is the California Public Employees' Retirement System... supposedly it's the BEST, in terms of growth and "untouchability" (I know that's not a word, lol). I get monthly statements, and it has grown quite a bit in the short time I've been collecting.
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Old 12-11-2013, 07:46 PM
 
805 posts, read 1,998,129 times
Reputation: 447
Yes, the banking business. Employer completely funds the pension and also matches 100% up to 6% on 401k's.
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Old 12-11-2013, 09:48 PM
 
24,511 posts, read 34,122,907 times
Reputation: 12779
My employer contributes an amount equal to 12% of my income to my pension. On top of that, they match 100% up to 6% into my 401k

For the businesses I own:

Consulting firm: I match 100% up to 25% into 401k. No Pension.
Daycare centers: I match 100% up to 25% into 401k. No Pension.
Hotel: I match 100% up to 6% into 401k. No Pension.
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Old 12-11-2013, 11:02 PM
 
470 posts, read 1,030,163 times
Reputation: 251
Yeah, im under FERS in the federal government.
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Old 12-12-2013, 12:25 AM
 
Location: Western Washington
7,772 posts, read 7,541,890 times
Reputation: 13485
Yes. Public college.
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Old 12-12-2013, 07:47 AM
 
4,783 posts, read 4,665,088 times
Reputation: 5521
Not my employer but the union I'm in within my place of work. (Not everyone at my job is in the union, there are different unions, etc.) I'm in health care.
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