2007-12-27 11:16:08 · 3 answers · asked by seanwilliamsikat 1 in Business & Finance ➔ Insurance
I am not really sure what your question is. But, if you have one year left until you are vested in your pension, then good for you. If you are thinking about moving from that company before being vested, you will have to see if that makes sense for you. Where I work, I am vested in just 5 years, but have a very small benefit until I have worked here for at least 20 years; so losing that 5 year vested amount would not hurt me too much. If the new job will make up for it (better benefits or salary) then the vesting may not be an issue.
In short, you need to sit down and weigh out the pros and cons of each option you have. The pension is just one of the pieces you need to include and may not drive your ultimate decision very much.
Good luck!
2007-12-28 04:23:02 · answer #1 · answered by JJ 5 · 0⤊ 0⤋
An annuity may have guaranteed payments of 7%.
Figure out what the pension would be per month, multiply by 12 and divide by .07 to see how much savings equivalent you are giving up.
Eg, $125 * 12 / .07 = $21,000 in savings.
2007-12-27 11:25:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Just don't do anything to put your job in jeopardy.
2007-12-27 11:25:45 · answer #3 · answered by Larry E 7 · 0⤊ 0⤋