Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: janicedowden One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Pension Plan Date: 7/4/2001 7:40 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 9
MD Grabhorn, CFP, replied to my message re Pension benefits, providing a link to www.pensionrecovery.com, a service for professionally reviewing pension benefits. Thanks, MD - if I don't get comfortable with the numbers soon, I will contact them.

So far, I have found that my company shorted me one month of service - doesn't sound like much, does it? But it means at least another $700+ in lump-sum benefit. They have agreed to change that.

I also questioned the base pay they used (last 3 yrs), but they explained where some types of "bonuses" paid to me did not count in my earnings calculation. I'm not happy about it, but found it in the company "rules", so okay.

I'm now trying to find out why the lump-sum amount will only yield the expected monthly benefit for 25+ years instead of the 30+ years that 1983 GAM table shows for 55 yr old female. (FYI - I make great use of the calculators on www.ctbatlanta.com/calculators.html) Difference is in $9,000 range!

It's sad when you think about how many people probably never even question the figures. Will advise of my results. Thanks for all the replies.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement