Portable has been paying 4% since day one 13 or so years ago and even higher some years. PLEASE do some research before showing your ignorance. Try reading a book sometimes, you MIGHT learn something. I doubt it, YOU CAN'T FIX STUPID.
Is that 4% guaranteed? Now that may sound like a lot to you but even a humble little S&P index fund does twice that. In addition back in your heyday, back when you still had some sap in your trunk interest rates were double that amount. Keep in mind one other important fact. The benchmark 10 year U.S. Treasuries are paying right now around 1.70% having fallen earlier this year to an all time low of 1.38%. And in some European countries interest rates are in fact trading in negative territory . So don't throw that mighty 4% number at me and expect it to mean something.
Says the town IDIOT. Ask your friends to compare their benefits to yours. Some will be better, some will not. Well, you can't have any friends. People normally don't like being around miserable people that hate life.
If it pays 1% a quarter how is it paying more some years other than some slight compounding? And everyone is saying the traditional pension is a pension. Some disagree about the portable pension. The portable doesn't pay anything close to the traditional and for it to amount to anything a new hire has to be in it a very long time. And your vaunted 4% only keeps it a little ahead of inflation although these days that's about as good as it gets.
If your boss had any sense, he would throw you out with the trash. That is where you belong.
Been paying 4% or more for 13 or so years. Find ANY no risk fund that pays 4%. Not gonna be very easy.
There were several years it paid 4 1/4 or maybe 4 1/2. It has been a while. Either way. A no risk plan with FREE money that you contributed ZERO to is pretty good in today's financial numbers.
It's not that people dislike a person who insists on living in a bygone era. They simply ignore them choosing instead to bypass them leaving them in their ignorant little world. Clearly you are a person who is much more comfortable living in the past because the future scares you as evidenced by your irrational affection for that company given the sense of security it gives you despite the fact that they could have and still can dispose of you in a heartbeat That's understood. At the same time criticizing and demeaning those who have to live in that future is why they have no time for somebody like you.
It is only as solvent as the portfolio's (probably an insurance company) ability to earn enough to pay the benefits. If it can't all it has to do is to petition federal regulators for the right to amend the plan.
You are my new hero.
Moose piss.
