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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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Poll: Do you have a pension?
Old 05-12-2021, 10:07 AM   #1
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Poll: Do you have a pension?

Government Pension
Corporate Pension
Just savings & Social Security
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Old 05-12-2021, 10:18 AM   #2
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Nope. No pension. Just whatever we save on our own. And SS.
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Old 05-12-2021, 10:28 AM   #3
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just the money I've accumulated and whatever I get from SS.
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Poll: Do you have a pension?
Old 05-12-2021, 10:28 AM   #4
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Poll: Do you have a pension?

Quote:
Originally Posted by qwerty3656 View Post
Government Pension
Corporate Pension
Just savings & Social Security

Both wife and I are drawing government pensions totaling $11.4K/mo plus a $1.9k stipend for healthcare. Also paid into and will get Social Security in a few years.

Haven’t touched a dime in various IRAs, 401(k) or 457 plans since retirement.
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Old 05-12-2021, 10:28 AM   #5
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I have a small Federal (FERS) pension after 20 years of service ending with GS13-10. My spouse has a slightly larger state pension. Combined, the pensions are $42k after health care premiums are deducted from my Federal pension.
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Old 05-12-2021, 10:33 AM   #6
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I have a small pension of $1,384/month. Most of it goes toward withholding to lessen my quarterly estimated tax payments. DW rolled her pension into a lump sum into her 401k.
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Old 05-12-2021, 10:33 AM   #7
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updated the thread to add a poll with the OP's initial suggestions.
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Old 05-12-2021, 10:38 AM   #8
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Government (state university) pension.
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Old 05-12-2021, 10:39 AM   #9
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I have a military retirement pension, a federal law enforcement pension, and receive a disability pension from the VA. I'm not going to apply for social security until, at a minimum of FRA. Combined pensions total $97,356.00 annually. My wife just started receiving her social security.
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Old 05-12-2021, 10:40 AM   #10
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DH has a state public employees pension from working at a county social service department. And I get a small Social Security benefit.

We are fortunate that our cost of living is only 83% of DHs pension, so we are able to SAVE 17% of his pension and 100% of my SS and part time job earnings.

I know our cost of living will only increase as we age but for now this is a great place to be, able to save while he is retired. Some months we're able to save 30% to 35% of our total combined income.

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Old 05-12-2021, 10:53 AM   #11
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My wife and I will have federal pensions when we retire sometime in the next year. They will total about 24% of our current salary.
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Old 05-12-2021, 10:59 AM   #12
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A small one from LA county because I left at 45.
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Old 05-12-2021, 11:13 AM   #13
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Corporate pension
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Old 05-12-2021, 11:13 AM   #14
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Small $400 per month corporate pension I have been collecting since 2001 from a 7 year employment at a German company in the US. DW gets $210 per month since 2002 for a 30 year employment at a major US bank.
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Old 05-12-2021, 11:17 AM   #15
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Corp pension that is approx 15% of monthly budget.
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Old 05-12-2021, 11:18 AM   #16
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What's interesting to me is how many of the respondents have a "small" pension (i.e. much less than their living expenses and a small fraction of their final salary). I'm in this boat as well with a corporate pension that pays around 22% of my final salary. I suspect only gov't and military retirees receive what could be regarded as a "full" pension anymore.
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Old 05-12-2021, 11:23 AM   #17
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I have a corporate pension waiting for me when I turn 65, 7 years from now. My old company froze my pension at the end of 2001 when I was still working there. I did not meet their criteria to get grandfathered into continuing to accumulate additional pension credits. Instead, further would-be pension benefits for the next 7 years I worked there became an accumulated cash-balance program (it's a hybrid between a DB and DC program). I continue to earn a small interest credit in the cash-balance program every year.

This is one of my "reinforcements" available to supplement my using only the taxable part of my portfolio for the last 13 years.
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Old 05-12-2021, 11:26 AM   #18
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I have a small corporate pension for a 36 yr career with the same company. It’s ~40% of my final pay. I only paid a tiny amount and megacorp paid the bulk of it.

Some of these tiny amounts after a significant period of employment makes you wonder why they bother to make payments instead of a lump sum. Sure makes the deferred comp alternative mor attractive.

I’d like to see how many have DB pension plus deferred comp match. (Like FERS + TSP).
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Old 05-12-2021, 11:28 AM   #19
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No.

Sort of earned a portion of one in the 90s, but division got sold, for those with a small amount, they just sort of paid us a bonus amount instead of keeping it.

I think this might have been a better question with a poll. Based on the lack of negative answers.
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Old 05-12-2021, 11:37 AM   #20
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Quote:
Originally Posted by Dash man View Post
I have a small pension of $1,384/month. Most of it goes toward withholding to lessen my quarterly estimated tax payments. DW rolled her pension into a lump sum into her 401k.
+1 but mine is $1,500/month. I set my federal tax withholdings from this one pension to cover our annual federal income tax bill so I don't have to make estimated payments and the remainder goes into checking.
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