I heard that as you go up the ladder, you pension increases - is this true?
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Pension no. However Director and about are on the Executive compensation plan, which includes some options to defer income from Stock awards and redirect part of their annual bonus to deferred plan.
so the percentage stays the same ?
@adt... grasshopper, let me teach you about dollar cost averaging... and "Far more money has been lost by investors trying to anticipate corrections, than has been lost in corrections themselves." Peter Ly--h
@adt, If you have decade or more before retirement you'll look back at this period as a generational buying opportunity. You should be looking at this with a different perspective and try to invest more of your income for your future.
If you wanted a pension you should have got a job with the city, county, or feds.
It's based on your salary but mine as L2 and L3 the company contribute the same % of salary
Pension? What is that? Most of us under 50 years old have never had pensions. All we get are 401k which right now market is doing horrible. All the money I set aside this year I have already lost in market slide and more.
If you have a pension, as you make mor money, your pension increases
Yes