Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > South Carolina > Charleston area
 [Register]
Charleston area Charleston - North Charleston - Mt. Pleasant - Summerville - Goose Creek
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-24-2011, 04:49 PM
 
8 posts, read 28,703 times
Reputation: 15

Advertisements

Does Boeing Charleston offer a pension plan?

I understand that a matching 401K is offered.

Thanks
Reply With Quote Quick reply to this message

 
Old 02-24-2011, 05:47 PM
 
Location: Summerville
7,934 posts, read 17,269,745 times
Reputation: 1360
Not that I know of, only the 401K, someone else can chime in though...
Reply With Quote Quick reply to this message
 
Old 02-24-2011, 08:17 PM
 
3,145 posts, read 5,931,919 times
Reputation: 1261
Why would you want a pension as opposed to a 401k?
Reply With Quote Quick reply to this message
 
Old 02-24-2011, 08:31 PM
 
8 posts, read 28,703 times
Reputation: 15
Some areas within Boeing offer a pension and 401k. Not pension or 401k. Why would someone want free money after working 20 to 40 yrs for a company? A 401k is mostly your money contributions and risk depending on the investment selection. A pension is free money from a great company to a dedicated employee...

Last edited by BOEING-STL; 02-24-2011 at 08:41 PM..
Reply With Quote Quick reply to this message
 
Old 02-24-2011, 08:35 PM
 
Location: Brambleton, VA
2,186 posts, read 7,913,325 times
Reputation: 2204
Yes. Boeing does have a pension plan. Any large company that does contract work for the government is required to give their employees a pension plan. They also have the 401-k. So, at this point they offer a pension plan but that may change in the near future.
Reply With Quote Quick reply to this message
 
Old 02-24-2011, 09:01 PM
 
8 posts, read 28,703 times
Reputation: 15
Thanks Alley01

I was just wondering because I may consider employment at Boeing Charleston and have 6 previous years with Boeing STL.
Reply With Quote Quick reply to this message
 
Old 02-24-2011, 10:00 PM
 
3,145 posts, read 5,931,919 times
Reputation: 1261
A pension can also be cut or even lost if something happens to that company. Also, a pension can not be given to anyone else in the event of your death.

Not at all saying it is bad...just seeing both sides of the coin. I fully understand where you're coming from...and I'd take the free money also...right along with my 401k contributions and growth.
Reply With Quote Quick reply to this message
 
Old 02-25-2011, 07:00 AM
 
Location: Brambleton, VA
2,186 posts, read 7,913,325 times
Reputation: 2204
Quote:
Originally Posted by BOEING-STL View Post
Thanks Alley01

I was just wondering because I may consider employment at Boeing Charleston and have 6 previous years with Boeing STL.
Good Luck! There isn't one division of Boeing or their family of companies that doesn't have a pension. Regardless, it makes better sense to keep up with the 401k contributions as they will always be there, when the pension probably won't be. It doesn't hurt to be a shareholder either after yesterdays announcement of the Tanker contract.
Reply With Quote Quick reply to this message
 
Old 02-25-2011, 08:01 AM
 
8 posts, read 28,703 times
Reputation: 15
FYI, as you stated before pensions are going away....


June 16, 2010 - In a move that deserves applause from union members everywhere, the members of District 837 in St. Louis, MO, voted overwhelmingly to reject a contract offer from The Boeing Company that would compensate current employees in exchange for eliminating the defined benefit pension plan for new employees.

27 June 2010
Boeing Co. machinists at a St. Louis fighter-jet plant won’t strike tomorrow after voting today to accept a proposed contract that will put new workers in a 401(k)-style pension.
The four-and-a-half year contract was accepted by a vote of 1,237 to 838, two weeks after union members rejected the contract.
The contract leaves in a place a Boeing proposal to put workers hired after January 2012 into a 401(k)-style plan rather than a defined benefit plan. “I’m not sure they were voting in favor of the 401(k) plan, they were voting that Boeing would be adamant enough and harsh enough that even if they went on strike they still would not be able to retain a defined pension plan,” Pinski said.
Reply With Quote Quick reply to this message
 
Old 02-25-2011, 08:10 AM
 
Location: Lowcountry
764 posts, read 1,594,479 times
Reputation: 416
Unless the pension plan is with the federal government, I have more trust in a self directed 401K...it's a no brainer.

Fortunately, Boeing SC won't have to worry about union votes...
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > South Carolina > Charleston area
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top