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Old 12-09-2013, 12:14 PM
 
106 posts, read 201,046 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 133,429 times
Reputation: 74
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, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,186,228 times
Reputation: 57820
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
 
13,005 posts, read 18,908,288 times
Reputation: 9252
No. I work in the private sector.
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Old 12-11-2013, 07:38 PM
 
Location: In the Redwoods
30,354 posts, read 51,942,966 times
Reputation: 23776
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
 
838 posts, read 2,525,165 times
Reputation: 505
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
 
24,488 posts, read 41,141,698 times
Reputation: 12920
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 1,162,869 times
Reputation: 253
Yeah, im under FERS in the federal government.
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Old 12-12-2013, 12:25 AM
 
13,011 posts, read 13,047,890 times
Reputation: 21914
Yes. Public college.
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Old 12-12-2013, 07:47 AM
 
6,191 posts, read 7,357,387 times
Reputation: 7570
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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