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<blockquote data-quote="El Morado Diablo" data-source="post: 4908382" data-attributes="member: 40760"><p>The Portable pension is a joke. </p><p></p><p>For example, at the time the Traditional pension ended my estimated pension would have been $1800+ a month (based on what I made at that time) after 25 years. If you take the Portable pension as an annuity it would take me working 40 years to have that same $1800+ a month pension payment. Note: I chose the Traditional over the Portable pension when we were given the choice.</p><p></p><p>Great savings for the company and it helped reduce it's financial obligations in the future. The only positive thing about the Portable pension was that you could designate anyone as your beneficiary. I hardly think is worth having to work an extra 15 years for the same amount of money.</p></blockquote><p></p>
[QUOTE="El Morado Diablo, post: 4908382, member: 40760"] The Portable pension is a joke. For example, at the time the Traditional pension ended my estimated pension would have been $1800+ a month (based on what I made at that time) after 25 years. If you take the Portable pension as an annuity it would take me working 40 years to have that same $1800+ a month pension payment. Note: I chose the Traditional over the Portable pension when we were given the choice. Great savings for the company and it helped reduce it's financial obligations in the future. The only positive thing about the Portable pension was that you could designate anyone as your beneficiary. I hardly think is worth having to work an extra 15 years for the same amount of money. [/QUOTE]
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