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View Poll Results: Do you have a pension?
Government Pension 166 29.23%
Corporate Pension 195 34.33%
No pension, just SS & savings 207 36.44%
Voters: 568. You may not vote on this poll

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Old 05-19-2021, 02:41 AM   #201
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Originally Posted by qwerty3656 View Post
Government Pension
Corporate Pension
Just savings & Social Security
I have 2 government pensions: (1) CSRS pension after 34 years as a federal worker & retired at age 55. (2) Cal-Pers pension after 10 years as a county worker & retired at age 65.
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Old 05-19-2021, 05:36 AM   #202
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Worked for 43 years after college and have a military pension (30yrs) and a federal pension for the remaining 13.
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Old 05-19-2021, 06:14 AM   #203
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Mine is like yours - $365/mo - corp pension (no COLA). It is so tiny but it is still much better than a kick in the butt .

I haven't spend any of it yet, and it's not in my retirement budget/calculations.
I'm in the same boat. Better than nothing, but certainly nothing to get excited about.
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Old 05-19-2021, 07:18 AM   #204
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Worked at a university for about 26 years. State pension about 65K annually. I'll know more precisely when my first check arrives in about 30 days!

Working a few more years at another job (remote!!) with far fewer responsibilities but similar income in addition to my pension. I will probably slowly taper off hours and stop around 62 or so.
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Old 05-20-2021, 09:24 AM   #205
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FWIW - Wasn't sure how to answer. I think of a pension as a periodic payment. My company offered a lump sum OR a periodic payment. I took the lump sum and answered "no pension".
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Old 05-20-2021, 09:40 AM   #206
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Am I the only one impressed that each of the 3 categories have nearly the same number of votes?
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

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Old 05-20-2021, 10:35 AM   #207
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Corporate DB Pension non cola w/100% survivor benefit to my Ex

Gov't Old Age Security payment subject to clawback based on income

Government contributory pension plan

Savings/investment income to cover the other 80%

Been retired for 19 years. So far so good.

Probability of success is now over 100%
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Old 05-20-2021, 12:02 PM   #208
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Probability of success is now over 100%

Thatís sounds good but Iím not sure what it means.
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Old 05-20-2021, 04:01 PM   #209
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I have state government and corporate.
DW has corporate.
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Old 05-20-2021, 04:28 PM   #210
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I have a defined benefit mini-corp pension. It is equal to 60% of the average of my final high five.

The pension pays all my bills, allows me to save a bit, and allows me to delay Soc Sec until age 70.

I thank my lucky stars every single day that I signed on with that company back in 1995. I thank my determination and pure stubbornness that I held on for four years through one really horrible bully-boss aka Voldemort.

During the Voldemort years, I had a sign taped to my computer "E.O.T.P." It was short for "Eye on the Prize (Pension)."
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Old 05-20-2021, 09:01 PM   #211
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^Well done! ^
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Old 05-20-2021, 09:04 PM   #212
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Nothing - no pension at all. Just savings and SS
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Old 05-20-2021, 09:19 PM   #213
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My pension is based on hours worked plus a small percentage increase after 60 on part of it. The incentive is there to keep working and adding to it. This forum has cemented the idea of ignoring the OMY devil on my shoulder. For that i am thankful!
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Old 05-20-2021, 09:25 PM   #214
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^Well done! ^
Thank you.

And to think my family said stubbornness wasn't a positive quality when I was growing up!
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Old 05-21-2021, 10:17 AM   #215
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Megacorp went through downsizing for the last 20 years.

Our DB pension was locked in at age 55. If an employee was let go prior to that they rec'd the commuted value. The value of the DB plan increased substantially post age 55.

I was very thankful after I turned 53/54. I knew that if I was cut my severance package would take me to 55 and I would be locked in . Fortunately I was able to leave on my own with a golden handshake at 59. My last 5 years were by far my most lucrative in terms of pensionable earnings. That number included salary and substantial performance bonuses. The last five were banner years.
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Old 05-21-2021, 11:40 AM   #216
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Originally Posted by qwerty3656 View Post
Government Pension
Corporate Pension
Just savings & Social Security
Corporate . But I doubt it lasts as other firms are attempting takeover and my guess is it becomes a cash-out at some point in time. Not worth much, non COLAd and will only provide maybe 5 to 10% of our total spend in retirement...
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Old 05-22-2021, 09:31 AM   #217
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Thatís sounds good but Iím not sure what it means.
Right.
Maybe 150% probability of success includes nightly fireworks, kinda like Disney World...
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Small pension
Old 05-23-2021, 04:58 PM   #218
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Small pension

Received a small pension at 55.
Only 3,100 per month but it's nice to have.
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Old 05-23-2021, 05:12 PM   #219
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Received a small pension at 55.
Only 3,100 per month but it's nice to have.
Heh, heh, just like "rich" and "enough", I guess we need to define "small" since YMMV.
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Old 05-23-2021, 08:46 PM   #220
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No pension, but I do have stock in an ESOP (employee stock ownership plan). No guarantee of value, especially now that the company went public. Can't cash out until 62. The stock price has gone up 84% since it went public, but there's no guarantee that in 7 years it will be as high.
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