My employer froze pension benefits at current salary level, freezing people out of 20 years of salary growth. I switched 17 years ago to the portable pension plan (annuity), which was probably the wise thing to do. At least I can convert that lump sum to an IRA, or choose a pension (won’t do that).
The really dirty thing they did a few years ago was promise medical benefits to those that retired that year, then promptly pulled them a year later.
At least I have been maxing out my 401k for 20 years.
The really dirty thing they did a few years ago was promise medical benefits to those that retired that year, then promptly pulled them a year later.
At least I have been maxing out my 401k for 20 years.