Reply to Ford says pensions are a plan of the past

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In addition to eliminating the ability to job hop, you lose your pension if you are terminated.  I work in an environment where some have pensions and some don’t. It’s painful when someone who has a lot of years in loses their job. And while it’s simple to say, don’t do anything to make that happen, sometimes people make mistakes or have bad managers, etc and it happens.

I definitely think retirement benefits are something to fight for but I’m not sure that pensions are so desirable and that they are not antiquated. [/quote]

Don't they get vested after some time? That's awful. In government, once vested, even if you are fired for misconduct, they can't take it away, except in some states that have laws that say you can lose your pension if convicted of crimes involving your official duties, which is fair.[/quote]

Not in our case. If you’re tired for cause before eligible for retirement it’s gone. [/quote]

Are you sure??? ERISA requires vesting after 5 years, and those benefits generally can't be taken away, unless there is something like criminal misconduct, so yes for embezzlement, no for being a slowpoke.[/quote]

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