Going through the motions Monday

[PnkPanther]

Hi clowns.

Back in florida.

79 degrees.

Only 20+ years until I can retire.

 

[Me]

Only 20+ years until I can retire.

I would be awesome if we got full pensions after 30 or 35 years. I'd definitely retire before 60 then. But no...

 

[PnkPanther]

just increased my retirement contribution to by another 1.5%

I can no longer do .5%, only whole numbers. I wanted to increase 1.0%, but either needed only do .5 or 1.5 (my total can only be a whole number now)

 

[PnkPanther]

I would be awesome if we got full pensions after 30 or 35 years. I'd definitely retire before 60 then. But no...

I'm no longer in pension program, part of me still not sure it was right situation.

 

[PeoplesChicken]

I'm no longer in pension program, part of me still not sure it was right situation.

You opted out?

 

[Me]

I'm no longer in pension program, part of me still not sure it was right situation.

Usually, probably a good idea if you're younger. Time is money.

Also kind of depends on how long you plan on living.

 

[Me]

You opted out?

I'd probably opt out if I had the option if you're in your 20's or 30's. Your invested dollar can grow bigly. If you had the option in your 40's, not so much.

 

[PeoplesChicken]

I'd probably opt out if I had the option if you're in your 20's or 30's. Your invested dollar can grow bigly. If you had the option in your 40's, not so much.

I have a very nice pension program. I'll stick

 

[ill]

going to cook lasagna tonight.

it's going to be delicious.

and it looks like I am hosting my mom and sister for Christmas. Yay.

 

[Me]

I have a very nice pension program. I'll stick

What's yours out of curiosity? Mine's 1.25% x last 5 yr average x #yrs.

 

[PeoplesChicken]

going to cook lasagna tonight.

it's going to be delicious.

and it looks like I am hosting my mom and sister for Christmas. Yay.

Does sis bang?


*C'mon everyone else was thinking the same thing

 

[ill]

Does sis bang?


*C'mon everyone else was thinking the same thing

you were very quick on the trigger for that response.

 

[PnkPanther]

You opted out?

Yes.

Few years back I got a promotion which put me in a different job class with different benefit structure. One of the differences was pension or retirement account.

1. For Pension the U contributes 5.5% to my pension
2. For retirement account they put in 10%.

Option 2 has higher upside.
Option 1 is safer.

I went with upside. If i was few years older, I would've stayed in pension

 

[PnkPanther]

Usually, probably a good idea if you're younger. Time is money.

Also kind of depends on how long you plan on living.

I'm planning on immortality

 

[ill]

I'm planning on immortality

that's a solid plan, Pnky

 

[PeoplesChicken]

What's yours out of curiosity? Mine's 1.25% x last 5 yr average x #yrs.

2.2% x best 5 years (must have 35 to receive full)

 

[PeoplesChicken]

Yes.

Few years back I got a promotion which put me in a different job class with different benefit structure. One of the differences was pension or retirement account.

1. For Pension the U contributes 5.5% to my pension
2. For retirement account they put in 10%.

Option 2 has higher upside.
Option 1 is safer.

I went with upside. If i was few years older, I would've stayed in pension

Gotcha

 

[PeoplesChicken]

you were very quick on the trigger for that response.

I was fixin' to use that on someone, somewhere today

 

[PeoplesChicken]

I'm planning on immortality

Apparently so is @Fish

 

[Me]

2.2% x best 5 years (must have 35 to receive full)

Straight pension or do they match any 401k?