Reply to Whose non-government relatives have pensions?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yah, there was about one generation of corporate life where that was the norm. It's over now.

The only exception I know of is some of the better unions. Local IBEW (electrical workers) and carpenters I know have nice pensions, had nice careers, and generally a much better package than middle class office workers.

My son is joining IBEW.[/quote]

Yep this is spot on.

There’s some exceptions like partners at Deloitte (and I’d guess the other Big 4?) get an annual pension and forced retirement starting at 62[/quote]

I know at one Big 4, not Deloitte, that equity partners are forced to retire at 60, but end up with a big pension. Non-equity partners can work as long as they are bringing in revenue, and also get a pension, but not as big. They also don't make as much money while working. [/quote]

Yeah at Deloitte the pension was the average of your 5 highest earning years or something if you’re an equity partner. For a lot of people that was / is a $2M+ annual pension. It’s a huge problem for the business today and going forward having those massive pensions over their heads as opex. [/quote]

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