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Can you retire under this contract? Y/N
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<blockquote data-quote="DELACROIX" data-source="post: 5428912" data-attributes="member: 49065"><p>Not an expert...401k’s and pension trusts are invested in the stock market, annuities and bonds...generally they pay at a rate of 8 to 10 % annually, 2021 was an exceptional market return...guessing over 20 percent.. 2022 will be another story. It evens out eventually..</p><p></p><p>Every investment retirement plan is protected by the PBGC, they collect insurance fees from these </p><p>Pension trusts for every active participant who has vested time under those plans. The private pension plans pay an higher premium than the multi employer pension trusts , but they get a higher settlement if the plan defaults.</p><p></p><p>With a defined pension plan the employer had to pay at the end of the year a fixed amount to cover the promised benefits. If the investment returns do well they get to keep their final profits and give it to their shareholders.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5428912, member: 49065"] Not an expert...401k’s and pension trusts are invested in the stock market, annuities and bonds...generally they pay at a rate of 8 to 10 % annually, 2021 was an exceptional market return...guessing over 20 percent.. 2022 will be another story. It evens out eventually.. Every investment retirement plan is protected by the PBGC, they collect insurance fees from these Pension trusts for every active participant who has vested time under those plans. The private pension plans pay an higher premium than the multi employer pension trusts , but they get a higher settlement if the plan defaults. With a defined pension plan the employer had to pay at the end of the year a fixed amount to cover the promised benefits. If the investment returns do well they get to keep their final profits and give it to their shareholders. [/QUOTE]
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Can you retire under this contract? Y/N
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