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<blockquote data-quote="nhguy" data-source="post: 102168" data-attributes="member: 5248"><p>Cezanne,</p><p>You are right that the pension is based on your five highest consectutive years of pay. Everyones salary in management is different. We are paid based on the grade of the job we work in. For example operations people are usually payed higher than staff. Just to give an idea on the pension, <strong>a supervisor with 25 years of service at 55 might draw a pension around $2500 to $3,000 a month (gross). </strong>We then have to pay taxes and some cost for our medical. A managers monthly pension might be $500.00 more a month. As I said earlier, it's a very complex program that has different payment options that you can select from. None of this includes the 401k or the personal stock each person might have. I can assure you that the average supervisors and managers who are retired are not living in luxary unless they have held onto their stock for a long time without selling or have been very successful in their personal investments. Don't have any facts but I would bet that most have sold shares over the years and you need to remember their was a period of years when the stock being issued was not a lot of money(1990's). Not complaining but don't think that we are all filthy rich. Most of us live pay check to pay check just like you do. If being in management meant you could be filthy rich, then why aren't people knocking the door down to get in. Too many people think of the old timers that left in the past ten years. The days of the millionaires are over.</p></blockquote><p></p>
[QUOTE="nhguy, post: 102168, member: 5248"] Cezanne, You are right that the pension is based on your five highest consectutive years of pay. Everyones salary in management is different. We are paid based on the grade of the job we work in. For example operations people are usually payed higher than staff. Just to give an idea on the pension, [B]a supervisor with 25 years of service at 55 might draw a pension around $2500 to $3,000 a month (gross). [/B]We then have to pay taxes and some cost for our medical. A managers monthly pension might be $500.00 more a month. As I said earlier, it's a very complex program that has different payment options that you can select from. None of this includes the 401k or the personal stock each person might have. I can assure you that the average supervisors and managers who are retired are not living in luxary unless they have held onto their stock for a long time without selling or have been very successful in their personal investments. Don't have any facts but I would bet that most have sold shares over the years and you need to remember their was a period of years when the stock being issued was not a lot of money(1990's). Not complaining but don't think that we are all filthy rich. Most of us live pay check to pay check just like you do. If being in management meant you could be filthy rich, then why aren't people knocking the door down to get in. Too many people think of the old timers that left in the past ten years. The days of the millionaires are over. [/QUOTE]
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