Message Font: Serif | Sans-Serif
No. of Recommendations: 2
In the above scenario, would this be the deciding factor for you? If so, why?

2 reasons it's not a factor for me:

1. Usually full vesting requires a length of employment time to reap any benefits from the pension. Mine is 5 years, and even then, it's a very low "reap". Most especially in today's climate when people don't stay with the same company.

2. Compare the pension pay out & length of employment time frame with the difference in pay. Is it more then or less then the difference? Can the difference be invested in another companies 401K or an individual's brokerage account to reap a higher "reward" then the pension will provide?

For me, pensions are NOT an influencing factor in taking (or not taking) a better overall position. My priorities are 1st) environment 2nd) salary 3rd) benefits (and within benefits there are priority levels).

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.