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View Poll Results: Which retirement benefits do you have (plan on having)?
Pension (non-COLA) & Soc Sec 37 13.91%
Pension (COLA) & Soc Sec 12 4.51%
Retiree Health Care & Soc Sec 11 4.14%
Pension (non-COLA), Retiree Health Care & Soc Sec 54 20.30%
Pension (COLA), Retiree Health Care & Soc Sec 63 23.68%
Soc Sec 89 33.46%
Voters: 266. You may not vote on this poll

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Old 11-26-2008, 11:00 AM   #61
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Already retired from the National Guard, just waiting till age 60 to collect my cola pension and health bennies.

Got 13 years in the fed system, so vested in pension here too as well as health care.

Hope SS is still around in 20 years.
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Old 11-26-2008, 11:07 AM   #62
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if a forum dedicated to "no DB plan" folks would work out, go for it. but can we still visit?
Sure, as long as you don't rub it in our noses...
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Old 11-26-2008, 11:42 AM   #63
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Lots of responses already - 167 in just 29 hours.

Conventional wisdom says that we'd see significant differences if we split the responses by age. I'd be curious to see if that is true for this group.
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Old 11-26-2008, 12:37 PM   #64
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Colad pension, 2 non colad pensions, SS and health care.

All are small but they do add up to a comfortable retirement.
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Old 11-26-2008, 01:02 PM   #65
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Lots of responses already - 167 in just 29 hours.

Conventional wisdom says that we'd see significant differences if we split the responses by age. I'd be curious to see if that is true for this group.
I would like to see a poll by age and other factors. I suspect it would have to be several polls - maybe those drawing SS and have or do not have a DB, fully retired, still working full time, part time. I guess next would be individual ages (ie 62, 63-65, over 65). I guess then maybe other age groups (ie 40-44, 45-49, etc).
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Old 11-26-2008, 02:15 PM   #66
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I would like to see a poll by age and other factors. I suspect it would have to be several polls - maybe those drawing SS and have or do not have a DB, fully retired, still working full time, part time. I guess next would be individual ages (ie 62, 63-65, over 65). I guess then maybe other age groups (ie 40-44, 45-49, etc).
Eventually we'll get the poll granularity to the point where every poster will fit in exactly one slot...
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Old 11-26-2008, 04:18 PM   #67
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No offence taken (assuming I am one of the SIRE folks - what does SIRE maen? ) Good poll, thanks for doing it.
I stole it from an earlier post, thought is was clever:
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Originally Posted by tangomonster
I don't know if I would feel as "independent" if I was relying part/most/all on a pension and subsidized health care, but I might feel more secure! Instead of FIRE, maybe SIRE (secure income, retire early)?
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Old 11-26-2008, 04:20 PM   #68
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Eventually we'll get the poll granularity to the point where every poster will fit in exactly one slot...
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Old 11-26-2008, 04:38 PM   #69
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Eventually we'll get the poll granularity to the point where every poster will fit in exactly one slot...
Right - let's not get to the point where we have to rewrite the history of drier sheets, send back our secret decoder rings or reveal the secret of:

walking both directions uphill , barefoot, over hot coals.

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Old 11-26-2008, 04:49 PM   #70
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Right - let's not get to the point where we have to rewrite the history of drier sheets, send back our secret decoder rings or reveal the secret of:

walking both directions uphill , barefoot, over hot coals.

Pssst - Wellesley got it? nod nod wink wink.

heh heh heh - Oh and one more thing - sanity is not a requirement to ER.
Maybe a result.
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Old 11-26-2008, 06:03 PM   #71
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I don't qualify for SS because I didn't work 10 full years before starting a State job that didn't pay into SS.
Plus my DB pension has 1/4 COLA, then half COLA (based on local CPI), and that adjusting doesn't start for a few more years (based on my age).
So I didn't vote.
But I'm only one person, so who cares. I just posted this because I don't think it's generally know how many of us non-SS people are out here.
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Old 11-26-2008, 08:24 PM   #72
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That's why I did the poll. When asking about the financial aspects of retirement here, knowing what benefits the poster has would make a world of difference. Someone with no pension or health care (like me) is faced with entirely different circumstance than someone else with a COLA'd pension and retiree health care
Midpack, I couldn't agree with you more. I feel fortunate to be eligible for SIRE. If I was having to go it on my own I would be viewing this downturn from an entirely different perspective. I wouldn't feel comfortable giving up a well paying job without being SIRE.
I admire those who are "on their own" and are drawing 4% and hoping for the best.
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Old 11-26-2008, 08:29 PM   #73
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.....walking both directions uphill , barefoot, over hot coals.
....through the 4' deep snow.....in July!
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Old 11-27-2008, 01:42 AM   #74
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Me: Still working, age range 45-49

Retiree medical benefits - revoked several years ago for those not already retired
Non-COLA pension - frozen a couple years ago, but I probably shouldn't cross it out even though I will only get a very modest amount
SS - I qualify for SS but don't factor it into my SWR calculations, just in case (see status of above two items)

Retirement planning is tough when the rules keep changing!

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Old 11-27-2008, 07:04 PM   #75
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....through the 4' deep snow.....in July!
ah, i can see you've been to upstate NY in the summertime.
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Old 11-28-2008, 01:11 AM   #76
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I will only have SS and not a lot of it about 1,200 from the statements I get. Very scary and I am already 60. I have a roommate/boyfriend now but he is on notice that if he screws up again he is out. I required he quit drinking this week and so far I think he has, if he drinks again he can find another place to live.
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Old 11-28-2008, 11:53 AM   #77
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As a fed employee retiree (4 yrs from now):

COLA Defined Benefit Pension
TSP (401K without matching)
Health Care bennies
Reduced SS (Windfall Elimination Provision, probably collect mby $350 mo.)
Whatever accumulates in my ROTH

As a military reservist retiree (9 yrs from now at age 60):

Military pension with COLA
Option to use TriCare if I want to, but probably won't.
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Old 11-28-2008, 12:44 PM   #78
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DH will have a DB COLAed pension (state pension system) with health care. He just reached 25 years of service and if his job lasts he hopes to stay another 5 years and retire in 5 years/30 years of service at age 58. He can start collecting the pension with 25 years at age 55 but it's reduced a lot if you have less than 30 years.

I'll get minimal SS, I was a SAHM and went back to work part-time to complete my SS credits.

DH will take the reduced pension payment with benefits to the surviving spouse. It looks like this will cover our basic living expenses and then I'll get the small SS at 62, or later if we can do without it.

DH needs another 5 SS credits, so if he ever completes that he'll be eligible for SS but it will be greatly reduced by WEP.
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Old 11-28-2008, 05:24 PM   #79
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Poll left me out, I think. , Therefore no vote.

Where does a DC pension fit? I didn't notice many or any responses for DC.

One caveat, I live and worked in Canada. I have:
  • DC pension fund which I think of as savings
  • Savings
  • Cdn CPP (like ss) maybe $6K/year
  • Cdn socialized health insurance (wait long enough and you'll be treated)
  • Mega-corp out of country health benefits, covers emergency treatment when OOC to lifetime max of 1 mega-buck
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Old 11-28-2008, 07:16 PM   #80
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I retired with a non-COLA'd DB pension from MegaCorp at age 55 after 31 years of service -- received additional credits so pension is figured as of age 62. ANd have supplemental benefit that will expire at age 62 to be replaced by SS.
Health care insurance till age 65 -- I pay 80% of any increases in costs to MegaCorp until I turn 65, then on to Medicare.
Hoping for SS.
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