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What really happened to your Pension?... (Long Post)
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<blockquote data-quote="thedownhillEXPRESS" data-source="post: 1013803" data-attributes="member: 41741"><p>What about someone with 10- 15 years of service and 30-35 years to retirement, (the younger folk have to retire later , say 70, to pay for your benefits) capped in TODAY'S dollars and receiving a minuscule amount from the portable pension contribution and a likewise minimal interest accrual.</p><p>Why are those closest to retirement getting the larger contribution?</p><p>They have had their best 5 years capped before any serious inflation can eat it away.</p><p>They won't lose much buying power but yet are getting a larger percentage thrown in their portable?</p><p></p><p>Those in the middle will have a monthly benefit that has been eaten away by decades of inflation, and a little crap sandwich portable pension that might be worth a year or twos salary by the time they retire.</p></blockquote><p></p>
[QUOTE="thedownhillEXPRESS, post: 1013803, member: 41741"] What about someone with 10- 15 years of service and 30-35 years to retirement, (the younger folk have to retire later , say 70, to pay for your benefits) capped in TODAY'S dollars and receiving a minuscule amount from the portable pension contribution and a likewise minimal interest accrual. Why are those closest to retirement getting the larger contribution? They have had their best 5 years capped before any serious inflation can eat it away. They won't lose much buying power but yet are getting a larger percentage thrown in their portable? Those in the middle will have a monthly benefit that has been eaten away by decades of inflation, and a little crap sandwich portable pension that might be worth a year or twos salary by the time they retire. [/QUOTE]
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