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Pension Dumping
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<blockquote data-quote="The Mayor" data-source="post: 362379"><p>I don't know about you or where you work, but I did recieve a notification of what my pension payout would be. I also called the 800 number and they corrected themselves and said that we would be recieving another statement this year (08) of what the corrected amount would be. They stated that last year was the final year, but then revoked it to show that the ppp would go into effect next year. My amount personally wasn't bad. I don't know what market level you work in, but I can agree with you that the ppp is a joke versus the traditional plan.</p><p></p><p>You are also correct, the 401 k plan is getting a major beat down right now. The market sucks and Vanguard (we) are all taking a huge hit. I look forward to talking to you again and your future posts.</p><p></p><p>The Mayor</p></blockquote><p></p>
[QUOTE="The Mayor, post: 362379"] I don't know about you or where you work, but I did recieve a notification of what my pension payout would be. I also called the 800 number and they corrected themselves and said that we would be recieving another statement this year (08) of what the corrected amount would be. They stated that last year was the final year, but then revoked it to show that the ppp would go into effect next year. My amount personally wasn't bad. I don't know what market level you work in, but I can agree with you that the ppp is a joke versus the traditional plan. You are also correct, the 401 k plan is getting a major beat down right now. The market sucks and Vanguard (we) are all taking a huge hit. I look forward to talking to you again and your future posts. The Mayor [/QUOTE]
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