In your opinion, which of these organizations do you feel is the most stable for someone looking for a change? (Penn: how much, high school)

[North Beach Person]

Originally Posted by MikeNigh

If you are hired full time there it'll be hard to get fired. Otherwise if you are a contractor you'll definitely want to make sure you aren't half assing it.

He won't take a blue collar job.

[mcguirk]

Originally Posted by thedirtypirate

fair enough. Good Point. I work in IT, and the future of their technology divisions fascinate me personally.

Comcast Labs is cool. Some of their other incubator projects are cool. But the vast majority of Comcast employees, including developers and engineers, work on mundane projects in an environment which I am constantly and consistently told is somewhat oppressive and gloom.

IT folk with an in-demand skillset can do a lot better than Comcast here. There's a serious lack of experienced engineering talent in the city.

[FBJ]

Originally Posted by North Beach Person

Has nothing to do with their product, in fact that's the company I'm connected to right now.

FBJ didn't ask about that but job security. Comcast has a lot of turnover. I know several local managers who have been "let go" over the last few years. One of whom was one of the original company managers when it expanded here.

Thanks I will remove Comcast from the list and now it's just

Peco
Septa
State Government
PGW
PCA

[kyb01]

Originally Posted by FBJ

Thanks I will remove Comcast from the list and now it's just

Peco
Septa
State Government
PGW
PCA

Why did you replace Penn with State Government?!

[North Beach Person]

I'd tell you to stay where you are now. You're turning, what, 40? You've bounced around some. If your pension plan transfers to a new public/quasi-public organization that might be ok, but you've got to stay somewhere now where you get vested.

You may not like hearing this but you're starting to run out of time.

[kyb01]

Originally Posted by North Beach Person

I'd tell you to stay where you are now. You're turning, what, 40? You've bounced around some. If your pension plan transfers to a new public/quasi-public organization that might be ok, but you've got to stay somewhere now where you get vested.

You may not like hearing this but you're starting to run out of time.

I thought he was younger. Given what you say, I agree. Unless you have to start "over" or find your current employment just unbearable, it may make sense to stay where you are.

I had a couple of opportunities to leave Penn, all around when I was 40. I'm glad I decided not to do that. One of the best decisions I ever made because, ultimately, I was able to retire early.

[FBJ]

Originally Posted by North Beach Person

I'd tell you to stay where you are now. You're turning, what, 40? You've bounced around some. If your pension plan transfers to a new public/quasi-public organization that might be ok, but you've got to stay somewhere now where you get vested.

You may not like hearing this but you're starting to run out of time.

yeah Im running out of time 26 years from retirement,

[kyb01]

Originally Posted by FBJ

yeah Im running out of time 26 years from retirement,

Don't make light of what that poster said. The time will go quickly and if you aren't socking as much as you can away for retirement now, you may end not be able to retire at all. I know people in their 70s who can't stop working because they either waited too late to save, they got screwed during the 2008 crash and haven't really recovered, or they kept on job hopping into their 40s. Of course SS is only going to be a fraction of what you will need to live comfortably.

[FBJ]

Originally Posted by kyb01

Don't make light of what that poster said. The time will go quickly and if you aren't socking as much as you can away for retirement now, you may end not be able to retire at all. I know people in their 70s who can't stop working because they either waited too late to save, they got screwed during the 2008 crash and haven't really recovered, or they kept on job hopping into their 40s. Of course SS is only going to be a fraction of what you will need to live comfortably.

If I am staying at my current place for 5/6 years how is that job hopping? The next place I transition to is going to be the last place which I thought was obvious from the way I started the thread. That's why I said I want to leave one stable situation and transition to another in 3 years.

[North Beach Person]

Originally Posted by FBJ

yeah Im running out of time 26 years from retirement,

As I said, you now have to start looking to the future. If you've been paying attention you know I recently more or less retired.

Ok, what does that mean?

That means that if I take another job which is in the State Retirement System I have to work 10 years, until I'm 71, to be vested in the pension plan. That's what I meant for you. We had a first year teacher get hired a couple years ago at 63. He and I, along with a couple other people, were talking one day right before I left. He was saying that he only had 3 more years, until he was 68, to be able to get a pension. No one had told him that the vesting had changed to 10 years. It was unpleasant.

Listen, I know I give you a lot of crap, but this time I'm not. You have a City job now, correct? I don't know what the vesting rules for that is but you need to look at that and take it into consideration if you job hop.

The time from 40 to 60 or so flies by and "next year" is when you plan on doing something.

I just saw your response. Pension benefits really don't start to ramp up in amount until after 20 years. Mine with 31 years is nearly twice that of my wife who has 19 years in the same retirement plan as I'm in.