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Old 12-30-2019, 03:39 PM   #21
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But who's counting?
I am!!

1 year and 2 days.
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Old 12-30-2019, 04:14 PM   #22
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We love our pensions.
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Old 12-30-2019, 04:16 PM   #23
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I wasn't opining whether the USA is currently flourishing, just that DB pensions are evidence of such.
Sorry, rough day at the office...
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Old 12-30-2019, 04:22 PM   #24
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Sorry, rough day at the office...
DB plans are definitely having some challenges nowadays no doubt

I started one about a year ago from my old mega - not that huge but it pays my real estate taxes

I'd like to get additional annuity income but with interest rates being this low it's really $$$$$$
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Got my first pension check...
Old 12-30-2019, 04:41 PM   #25
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Got my first pension check...

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Originally Posted by CindyBlue View Post
...this past Friday. Not enough to live on, but still...they are paying me for not working! Gotta love it!

It’s amazing, isn’t it? An old friend sent me an email the day he received his first payment with the subject “Magic Happens!”. I got to see what he meant about a year and a half later when my first direct deposit showed up.

What was even better was when the second one came the next month. That’s when I knew “hey, I could get used to this!”.
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Old 12-30-2019, 05:25 PM   #26
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Congratulations. DH is coming up on 10 years retired and still giggles that he gets paid for doing nothing. And he's so good at it!

Enjoy your retirement!

Same here! Coming up on 132 checks! My pension was frozen years ago, so it is not very big. We went to 401K's which I funded to the max. I rolled it over when I retired, and it is now in the low 7 figures
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Old 12-30-2019, 05:26 PM   #27
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Good for you and congratulations on the first pension check. But don't be fooled. You worked for every penny of that money. You are just getting it later than usual.


Cheers!
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Old 12-30-2019, 07:43 PM   #28
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Congratulations! I am also fortunate enough to be getting a check. It covers 60% of our expenses so I am not complaining.
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Old 12-30-2019, 08:49 PM   #29
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I'm still waiting for Social Security...have 14 months to go...sigh...meanwhile, I'm planning that my savings will get me through to that magic day.
My pension is not cola'd, so I know I'll have to do more with less as time goes on, but at least I have something, which makes me feel very lucky!
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Old 12-31-2019, 07:37 AM   #30
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We're probably among the last to ever see a pension. Not sure if this is a good thing or a bad thing.

But when they told me I could stay home and still get paid 40% of my salary for the rest of my life, I didn't complain.
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Old 12-31-2019, 08:56 AM   #31
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We're probably among the last to ever see a pension. Not sure if this is a good thing or a bad thing.

But when they told me I could stay home and still get paid 40% of my salary for the rest of my life, I didn't complain.
you think the military is going to drop their pensions?
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Old 12-31-2019, 09:28 AM   #32
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Pensions big or small are a blessing in these times. Enjoy and congrats.
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Old 12-31-2019, 10:06 AM   #33
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My company terminated their DB plan in 1984 after I'd been there 3 years and was still in my 20s. They said I'd get $250/month when I turned 65. I laughed and thought, maybe that'll cover a months golf dues. I just received my 6th check. It doesn't.

Even that small amount, I've never thought that they're paying me for not working. I earned that $.
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Old 12-31-2019, 10:17 AM   #34
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My company terminated their DB plan in 1984 after I'd been there 3 years and was still in my 20s. They said I'd get $250/month when I turned 65. I laughed and thought, maybe that'll cover a months golf dues. I just received my 6th check. It doesn't.

Even that small amount, I've never thought that they're paying me for not working. I earned that $.
I consider it deferred compensation, not a gift.
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Old 12-31-2019, 10:32 AM   #35
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My company terminated their DB plan in 1984 after I'd been there 3 years and was still in my 20s. They said I'd get $250/month when I turned 65. I laughed and thought, maybe that'll cover a months golf dues. I just received my 6th check. It doesn't.

Even that small amount, I've never thought that they're paying me for not working. I earned that $.

I hear you. Mine is close to the same. I thought maybe it would pay for a weekly Big Mac. Not too far off.



Cheers!
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Old 12-31-2019, 11:02 AM   #36
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"I've never thought that they're paying me for not working. I earned that $."

Yes, that's probably true, but I've not thought of it that way. I've not really thought about it at all most of my working life...it was just something that, in the future, would (probably) be there someday when - if - I stopped working.

The "paying me for not working" is just a humorous phrase, not meant to be taken literally. :-)
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Old 12-31-2019, 11:10 AM   #37
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I consider it deferred compensation, not a gift.
I agree, that money was earned, it is not a gift.
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Old 12-31-2019, 11:17 AM   #38
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Congratulations! It's a wonderful feeling getting those checks. I've gotten a military pension for 6 years now and both my DW and I got our first SS checks this month (her own and restricted for me). Those make us FI just on that amount.
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Old 12-31-2019, 11:20 AM   #39
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...this past Friday. Not enough to live on, but still...they are paying me for not working! Gotta love it!


Definitely worth celebrating! I disregarded them for most of my working years until I realized how good they were. Our pensions cover all the basics and automatically increase a fixed 3% every year. All the rest of our money can now be used for major expenses and goofing off. Yee Haw!
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Old 12-31-2019, 01:26 PM   #40
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All the rest of our money can now be used for major expenses and goofing off. Yee Haw!

That's the best part!!
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