Pensions

[farmo83]

How many here have pensions? I was reading how many mentioned them in the 40 net worth thread and was shocked how many mentioned them.

 

[dirtslinger2]

I have one, and a 401K thru my company

 

[4Waters]

I have one

 

[shock22]

I have one

 

[chvynhra]

Here

 

[Bobby V]

I do.

 

[yard dog]

Here !!

 

[boatpi]

Lapd and Lafd are
The same, almost fully funded the people working pay 8% I paid 7 to 8% for 32 years. Screw part is I worked before and after and still working and paying crazy money into Social Security and how this thing called government pension offset. Basically Congress steals from you I normally would get 1700 a month in Social Security but due to the government pension offset I only get $520 and I pay thousands every year still.

 

[monkeyswrench]

Well damn...
Three or four threads that make me question my self worth and finances...


Oh well. Some may stack money for retirement, plan for future investment funds...I'll just be happy with the fact I don't have to stress about choosing between food, housing or fuel for the work trucks. Life is damn good!

 

[outboard_256]

here

 

[scottchbrite]

Here. It’s only part of the equation though.

 

[Orange Juice]

I have one.
Mandatory payout starts at 60. Also have the 401k.

 

[Loo Dog]

Here. Of the military variety.

 

[DWC]

Nope. Nothing here

 

[THE WIDGE]

I do, a few more years till I retire

 

[OldSchoolBoats]

Nope, nothing here.

 

[dezrtracer]

Yes on pension , one from 15 years union cabinetmaker and 22 years union grip so far . Won't be full in either one but , I don't want to work all the way to 67 . Thinking 62 max till retirement , Deb wants me to retire now...

 

[riverroyal]

Me...32 years same union. It will be fine once i retire, assuming i go pay cash for a house outside socal.

 

[Done-it-again]

I don’t, but my dad does and they won’t pay him out cause he owns part of a business. He’s 71.

Damn unions.

 

[JB in so cal]

Me...32 years same union. It will be fine once i retire, assuming i go pay cash for a house outside socal.

Homo says what?

 

[havasujeeper]

I have 2 pensions and social security. Unfortunately, one pension is CalPERS. So instead of my early Social Security withdrawal being $1800, it was dropped to $650. F You US Government!

 

[shaffewm]

Yes. 36 years in so far...

 

[fmo24]

Me, 30 yrs Northrop Grumman. I was grandfathered in Northrop plan.

 

[Bobby V]

I don’t, but my dad does and they won’t pay him out cause he owns part of a business. He’s 71.

Damn unions.

So he’s still working and not retired?

 

[riverroyal]

Homo says what?

Says i just got home from my 3 hour commute.
I did see a few guys doing wheelies on dirt bikes in front of my office today. So that made it worth going to downtown

 

[Done-it-again]

So he’s still working and not retired?

Still collects. Not really working. Lol.

 

[C-2]

I'm working on a CalPers, it will never be too great because I didn't start with the state until age 50. But I'm fully vested 32 years for social security.

Wifey will have a pension from Bakers Union. It was supposed to go insolvent - but that COVID rescue act saved it and they will be funded thru 2055.

 

[rivermobster]

Yep

 

[JB in so cal]

Says i just got home from my 3 hour commute.
I did see a few guys doing wheelies on dirt bikes in front of my office today. So that made it worth going to downtown

How was the hobo concentration?

 

[PDQH2O]

Have two plus a 401k beside other accounts. I've had a financial advisor for about 5 years and, as of today, am retired at 60. The advisor has already paid for himself.

As others have said in the net worth thread, it's difficult to guess at how much is enough because of the many variables involved. And since funds is a constantly moving target, we make a yearly budget and revise it each quarter wth the information known at the time.

That should tell me if and when I need to apply at Wally World to greet customers. Hopefully my "enough" is really enough to last quite a while.

 

[Bobby V]

Still collects. Not really working. Lol.

Yea. We tried letting our guys retire and still work as long as we weren’t working in the field. Some abused it and that perk went away.

 

[riverroyal]

How was the hobo concentration?

Real bad. Worse each week with the homeless hotel next door.
I went to cross the street today for a starbucks a few blocks away and saw this. Hobos are now stealing crosswalk boxes, scrap metal is my guess.

 

[JB in so cal]

Real bad. Worse each week with the homeless hotel next door.
I went to cross the street today for a starbucks a few blocks away and saw this. Hobos are now stealing crosswalk boxes, scrap metal is my guess. View attachment 1079075

not bad for Nicaragua

 

[K-DOG]

Yes county under the original tier. It has since been cut 4 times for new hires.

 

[C-2]

Real bad. Worse each week with the homeless hotel next door.
I went to cross the street today for a starbucks a few blocks away and saw this. Hobos are now stealing crosswalk boxes, scrap metal is my guess. View attachment 1079075

5th and Fig

 

[LuauLounge]

None for us. My father worked for the bennies and retired at 50, hated what he did. I’m 71, owner, show up most days, give my best 3 to 4 hours, go to lunch and go home. Learned that from the owner of the first company I worked for.
20/20 hindsight, I wouldn’t have changed a thing.

 

[DLC]

What’s a pension??

 

[WTR&PWR]

I do. I’ll be out at 55 thankfully I’m part of the old system.

 

[Music to my Ears]

Yes. We were smart years ago and moved our pension from Disney to the American Federation of Musicians pension fund.

 

[RVR2SNO]

CalPERS for me. 17 years already, and 17-22 to go…. If I make it in CA much longer.

 

[DUNEFLYER]

Can’t even spell pinshun

 

[merc_400r]

Aerospace pension here.

 

[4Waters]

I do. I’ll be out at 55 thankfully I’m part of the old system.

Bastard, I have to go to 62

 

[zbudman]

Pension………the only way to go

 

[bilz]

Yep and retired. 34years la city

 

[Bugginout]

Yep IBEW pension 10 years left

 

[Flatsix66]

My first real job at Burroughs/Unisys computer (non-union) had a pension until I left 18 years later, they also had a 401k plan that I participated in. I didn't really even know about the pension that they contributed into until they sent me a letter when I turned 55 that said that the fund is almost bust and I could either choose an annuity or cash out. I took the payoff and put the $100k into my rollover IRA. Better than a stick in the eye...the 401k did much better .

 

[LuckyStrike]

Operators Union 28 years

 

[CarolynandBob]

2 but they aren't really that much. Never counted them or Social Security in my retirement plan.

 

[chonchisyque]

Pension in the uc system can technically retire at 50. Got 13 yrs in going to retire at 62 with full medical at 20 yrs.