ST Alpha - "They did that to us at least four or five years back." (Reading a Post)

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In response to "Our pension credits are being frozen. We used to get 4% of our annual comp put into a pension acct. That's over." by Diva

They did that to us at least four or five years back.

Posted by ty97 Feb 22 '12, 06:35

Dropped contribution to pensions, give 2% to 401K plus match up to 6%.

Seems to be the standard now. Will be interesting to see our generation retire.

Responses:

Us too. They did bump up 401K match this year, but still. - Kim Pine Feb 22, 06:42 7
- Our economy isn't designed for a bunch of 75-year-olds to be working. There may not be enough jobs to go around. - ty97 Feb 22, 06:44 6
  - And this is basically why I think the "there's not going to be SS anymore" is unfounded. - TFox Feb 22, 06:57 4
    - It's not so much a question of will it be around, but what will it need to look like in order to still be around? -- nm - znufrii Feb 22, 07:03 3
      - Retirement at 70, means testing to reduce benefits for the very wealthy. - TFox Feb 22, 07:15
      - *removes the tax cap* -- nm - Don Homer Feb 22, 07:13 1
        
        that would be far too simple of a solution to be feasible. try again, please. -- nm - znufrii Feb 22, 07:15
  - In some industries, yes. -- nm - Beryllium Feb 22, 06:45
We won't be able to. - Tim Feb 22, 06:40 3
- The world will always need cafeteria ladies, right? - Andie Feb 22, 06:48 1
  - *invests in Goody - Fine maker of hair nets* -- nm - Diva Feb 22, 06:51
- yeah, totally the case. I know so few people who are retired proper. -- nm - jonesy Feb 22, 06:48
I'll be working somewhere forever. -- nm - Diva Feb 22, 06:38

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They did that to us at least four or five years back.

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