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Reply to "Is a pension all it’s cracked up to be?"
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[quote=Anonymous][quote=Anonymous]I worked in a pension department and most people were getting $1600-$3600/month depending on years of service, marital status and salary and age etc. most of them falling in the $22-2600/mo range. Add social security and you won’t starve especially if you have your house paid off. [b]Pensions are guaranteed by pbgc.gov [/b]but there was a time when pensions were failing and a bunch of companies did away with them [/quote] True, but you're not guaranteed to get what was promised in the company's pension plan. My FIL was a steelworker at Bethlehem Steel- when their pension plan failed, it was taken over by PBGC and he received much less than what was expected from Bethlehem's plan. [/quote]
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