I though I would start a related thread.
I am scheduled to receive my non-cola pension in 8 years from my former employer which is privately held. The pension is a "defined benefit" plan and meets all ERISA requirements. Although I hope the company will survive, from year 8 to 25 when I could use the extra money, that is a long long period of time. I was wondering if there is a formula that can determine what % of the pension I could look forward to collecting if the company doesn't make it? Even 50%, would be nice pocket money to have.
I currently have my pension flag on my spreadsheet temporarily turned off so my monthly pension is not reflected in my future income. I do turn the flag on occasionally just to make me feel better.
I am scheduled to receive my non-cola pension in 8 years from my former employer which is privately held. The pension is a "defined benefit" plan and meets all ERISA requirements. Although I hope the company will survive, from year 8 to 25 when I could use the extra money, that is a long long period of time. I was wondering if there is a formula that can determine what % of the pension I could look forward to collecting if the company doesn't make it? Even 50%, would be nice pocket money to have.
I currently have my pension flag on my spreadsheet temporarily turned off so my monthly pension is not reflected in my future income. I do turn the flag on occasionally just to make me feel better.