How much was your private sector pension worth? (pensions, federal, relative)

[Stockyman]

This is of course assuming you were lucky enough to have a company pension in the first place since most are no longer providing for them.

Assuming I'm going to retire with my company in 20+ years and that the company will still be around and won't fire me, I might have around 200-225K. Of course that amount won't mean much in another 20 years and I do live in an extreme high COL area but I guess it's better than nothing.

How much did you have when you retired from the private sector?

[FIREin2016]

I just retired this week.

I will have $1,262 in 12/2025 the month after I turn 65. No COLA, No joint beneficiary. No payout if I die 1 minute after receiving it.

If I die before I collect, I get a lump sum, although I am sure it will be discounted.

It is worth about $168,673 according to the Fidelity Guaranteed Income Estimator.

[Pitt Chick]

DH can get $2600 a month at age 62.... But he isn't be drawing on it yet, as he still works.

[flashes1]

My pensions pay $1,800/month as of now, and accruing approx. $130/month every year-----praying they keep accruing current benefits for at least 6-8 more years. My goal is my pensions are worth $2,000/month AFTER taxes (30% tax rate).

[GeoffD]

$0.00. The same as any nonunion late-Boomer private sector worker I know.

Private-sector pension coverage fell by half over two decades | Economic Policy Institute

The BLS overview shows that pension coverage is much higher in the public sector (78 percent) and among unionized workers (67 percent) in the private sector. In contrast, only 13 percent of non-union private-sector workers are covered.

I'm actually surprised it's still 13 percent. I don't know anybody who wasn't pushed over to a 401(k) plan decades ago.

[ABQ2015]

My relative works for a large corporation and would receive $2200 a month at age 65 with 20 years of service. It increases about $1800 a year. This is the reduced amount for a survivor benefit and there is no COLA. Don't know other details. It is about the same amount of pension that I would receive as a federal employee with 20 years at 65 but I do have a diet COLA.

[reebo]

$9,000/month if we go with 50% survivor route, $11,000/month if it goes when he dies.

[NewbieHere]

$1000 a month @56 for 6 years of work. Not bad I would say.

[Harpaint]

The hospital I worked at for 25 years went bankrupt and none of us got our pensions.

[601halfdozen0theother]

Originally Posted by reebo

$9,000/month if we go with 50% survivor route, $11,000/month if it goes when he dies.

Wowza! For what company did/do your husband work? If you don't want to say it's name, please do tell us they type of business it is.