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12-30-2019, 02:39 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,929
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I am!! 
1 year and 2 days. 
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"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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12-30-2019, 03:14 PM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2014
Posts: 7,051
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We love our pensions.
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12-30-2019, 03:16 PM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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 Quote:
Originally Posted by Big_Hitter
I wasn't opining whether the USA is currently flourishing, just that DB pensions are evidence of such.
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Sorry, rough day at the office...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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12-30-2019, 03:22 PM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by Midpack
Sorry, rough day at the office...
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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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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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Got my first pension check...
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12-30-2019, 03:41 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Got my first pension check...
Quote:
Originally Posted by CindyBlue
...this past Friday. Not enough to live on, but still...they are paying me for not working! Gotta love it!
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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!”. [emoji3]
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12-30-2019, 04:25 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
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Quote:
Originally Posted by Sue J
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!
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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 
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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12-30-2019, 04:26 PM
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#27
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,408
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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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12-30-2019, 06:43 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2012
Posts: 6,180
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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. 
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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12-30-2019, 07:49 PM
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#29
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Full time employment: Posting here.
Join Date: Feb 2017
Posts: 807
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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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12-31-2019, 06:37 AM
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#30
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Posts: 2,659
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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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12-31-2019, 07:56 AM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by CaptTom
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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you think the military is going to drop their pensions?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-31-2019, 08:28 AM
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#32
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
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Pensions big or small are a blessing in these times. Enjoy and congrats.
__________________
Retired May 13th(Friday) 2016 at age 61.
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12-31-2019, 09:06 AM
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#33
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,570
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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 $.
__________________
You know that suit they burying you in? Thar ain’t no pockets in that suit, boy.
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12-31-2019, 09:17 AM
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#34
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Administrator
Join Date: Apr 2006
Posts: 23,038
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Quote:
Originally Posted by gcgang
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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I consider it deferred compensation, not a gift.
__________________
Living an analog life in the Digital Age.
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12-31-2019, 09:32 AM
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#35
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,408
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Quote:
Originally Posted by gcgang
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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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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12-31-2019, 10:02 AM
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#36
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Full time employment: Posting here.
Join Date: Feb 2017
Posts: 807
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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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12-31-2019, 10:10 AM
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#37
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 1,225
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Quote:
Originally Posted by Gumby
I consider it deferred compensation, not a gift.
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I agree, that money was earned, it is not a gift.
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12-31-2019, 10:17 AM
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#38
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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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.
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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12-31-2019, 10:20 AM
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#39
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,660
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Quote:
Originally Posted by CindyBlue
...this past Friday. Not enough to live on, but still...they are paying me for not working! Gotta love it!
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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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12-31-2019, 12:26 PM
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#40
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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Quote:
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All the rest of our money can now be used for major expenses and goofing off. Yee Haw!
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That's the best part!!
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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