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Average Retirement Contribution
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<blockquote data-quote="Oldfart" data-source="post: 2679580" data-attributes="member: 64407"><p>You do not get the full match until you contribute 6%. They match that with 3.5%. I believe anything below 6% is matched about 50% though I am not certain. Vanguard can tell you for sure. The traditional pension is a program where the company contributes a % of your yearly salary into an account every May or June. I get an 8% contribution but I am a long time employee. I believe newer employees get 10%, again I am not sure. That account is 100% funded by the company and draws 4% interest every year.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 2679580, member: 64407"] You do not get the full match until you contribute 6%. They match that with 3.5%. I believe anything below 6% is matched about 50% though I am not certain. Vanguard can tell you for sure. The traditional pension is a program where the company contributes a % of your yearly salary into an account every May or June. I get an 8% contribution but I am a long time employee. I believe newer employees get 10%, again I am not sure. That account is 100% funded by the company and draws 4% interest every year. [/QUOTE]
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