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Old 09-28-2012, 12:52 PM   #81
Thinks s/he gets paid by the post
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Join Date: Sep 2012
Posts: 2,517
Current: 49
Retire: 53*
Total years: 31
Pension: ha ha ha... Ah, NO.

* - Approximate guess. We could retire next year, but DW and I are instead winding down at w*rk. Not doing an obnoxious "in house retirement", but instead trying to w*rk for enjoyment as much as possible. This is just part of the discernment process. MegaCorp could offer a package at any time, if so, I'm gone.
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Old 09-28-2012, 01:30 PM   #82
Full time employment: Posting here.
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Join Date: Oct 2009
Posts: 670
Current: 50
Retirement Age: 55
Total years: 33+
No pension
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Old 09-28-2012, 02:17 PM   #83
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Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Current........54 (DH 58)
Retired........41 (DH 54)
Total Years...25 (DH 35)
Pension.......Yes and medical benefits. Both of us are eligible for SS.
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Old 09-28-2012, 05:36 PM   #84
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Join Date: May 2011
Location: Marco island
Posts: 813
Age 51
Retired 51
Years worked 27
Pension No
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Old 09-28-2012, 05:42 PM   #85
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Join Date: Jul 2012
Posts: 47
Age: 47
Retired: 41
Years worked: 19 in career, 7 in high school/college
Pension: Yes, military
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Old 09-28-2012, 06:05 PM   #86
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Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,338
Age 57, DW 58
Retiring in 6 months at 57, DW sometime in 2013 at 58 or 59
Worked 38 yrs, DW same
No pension, DW will have one, but she won't tell me how much.
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Old 09-28-2012, 06:30 PM   #87
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 944
Currently 56
Retired 49
worked 28 years
Will get a pension that will cover about 30-40% of my expenses at 60-65 (TBD concerning when I will elect to receive pension). Non cola

About 23 years of serious saving to reach FIRE. The first few years were having fun and buying stuff. Thank goodness I woke up Freedom is way better than stuff.
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Old 09-28-2012, 06:36 PM   #88
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Join Date: Nov 2007
Posts: 5,584
It would be interesting to consolidate all of this information. I imagine this has already been done by insurance sales kittehs who troll this site but doubt they'd share their findings with us.
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Old 09-28-2012, 07:13 PM   #89
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Quote:
Originally Posted by Purron View Post
It would be interesting to consolidate all of this information. I imagine this has already been done by insurance sales kittehs who troll this site but doubt they'd share their findings with us.
I would love to see this compiled and analyzed! I'm a total excel geek, but we'll see if/when I ever get to it. I have enough on my plate at work that I'm unmotivated to do, so another little project to help me procrastinate may not be the best idea... if anyone else wants to give it a go, I know I'd be interested in results. Average retirement age of those already retired v. projected/goal age of those not... avg retirement age of those w pensions v those w/o... lots of interesting stats!
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Old 09-28-2012, 07:26 PM   #90
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Join Date: Sep 2008
Location: Southeast USA
Posts: 548
Current age: 67
Retirement age: 62
Total working years: 4 with USMC; 39 with MegaCorp
Pension: Yes. I took the lump sum option just in time for the 2008 crash. My lump sum has now fully recovered.
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Old 09-28-2012, 08:11 PM   #91
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Join Date: Aug 2006
Location: Fort Worth
Posts: 8
Current age: 47
Retirement age: 48
Total years : 25
Pension: yes...public with a yearly 2% COLA. Paid medical for life. My ex gets zero dollars...bought her out years ago No SS though.
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Old 09-28-2012, 08:43 PM   #92
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
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Quote:
Originally Posted by catccc View Post
I would love to see this compiled and analyzed! I'm a total excel geek, but we'll see if/when I ever get to it. I have enough on my plate at work that I'm unmotivated to do, so another little project to help me procrastinate may not be the best idea... if anyone else wants to give it a go, I know I'd be interested in results. Average retirement age of those already retired v. projected/goal age of those not... avg retirement age of those w pensions v those w/o... lots of interesting stats!
I think that would be an excellent idea. Youngest poster, oldest poster, youngest retiree, longest retiree, military posters, male vs female, etc. It would just be interesting. How many with company pensions vs who has created their own by investing. There are so many variables but it would be interesting. I think it's interesting just to see how many posts the individual members have
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Old 09-28-2012, 08:51 PM   #93
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,031
Current age 64
Retired at 59 & 60 ( long story )
Worked 40 years as an RN
Survivor Pension with cola & medical benefits
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Old 09-28-2012, 09:26 PM   #94
Thinks s/he gets paid by the post
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Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Age: 35
# years professional career: 12
Hopeful FIRE age: 45*

*Currently single. Depends on the (currently unknown) future misses variable.

Pension: just some crumbs from SS. Hoping to amass a portfolio to throw off about 2.5%-3%/year in interest and dividends and let it be enough to sustain my/our needs.
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Old 09-29-2012, 07:52 AM   #95
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Join Date: Aug 2012
Location: Huron
Posts: 37
65 Today!
Married both retired DW 62
I retired at 62 DW 55
I have a pension non cola, DW no pension
41 yrs in the work force last 31 years with a major corp.
Both on SS
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Old 09-29-2012, 07:54 AM   #96
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Location: Upstate Ruralia
Posts: 283
interesting...I see many posts that indicate "pension"...

I am curious if you could have taken a lump sum instead of pension, would you have?

And to the poster who DID take the lump in 2008 and then saw the market downturn...How did you stomach that after just retiring?

As you may have guessed I am about to retire (at 56/34 years at MegaCo) have choice of lump sum or monthly pension.

I am single female. Co. pays retiree Health til 65.

O What should I do?!?!?!?!??!
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Old 09-29-2012, 08:03 AM   #97
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Join Date: Aug 2012
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[QUOTE=Lcountz;1235202]interesting...I see many posts that indicate "pension"...

I am curious if you could have taken a lump sum instead of pension, would you have?

And to the poster who DID take the lump in 2008 and then saw the market downturn...How did you stomach that after just retiring?

As you may have guessed I am about to retire (at 56/34 years at MegaCo) have choice of lump sum or monthly pension.

I am single female. Co. pays retiree Health til 65.

O What should I do?
I was offered early buy out with no option for lump sum. DW pension we took lump sum it finally has recovered nicely. One time it was 37% down..
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Old 09-29-2012, 08:17 AM   #98
Thinks s/he gets paid by the post
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Join Date: Jul 2011
Location: The Bay Area
Posts: 1,800
Quote:
Originally Posted by Ronstar View Post
Age 57, DW 58
Retiring in 6 months at 57, DW sometime in 2013 at 58 or 59
Worked 38 yrs, DW same
No pension, DW will have one, but she won't tell me how much.
Kinda makes it hard to plan doesn't it?
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Old 09-29-2012, 10:55 PM   #99
Recycles dryer sheets
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Join Date: Jan 2012
Posts: 214
Current Age: 38
Projected Retirement Age: 59 1/2
Working Years: 40 (at retirement)
Pension: yes, if I stay and company is giving me a choice between defined benefit and cash balance, effective in 2014.
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Old 09-30-2012, 07:58 AM   #100
Recycles dryer sheets
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Join Date: Jun 2011
Posts: 239
Now 54 1/2
Projected RA late 55/early 56
Worked 32 1/2 years so far - 25 at this job (plus part time and summer jobs in high school and college)
No pension, own a dozen rental properties - all but two paid off.
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