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Author: Katenharley Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: portable pensions Date: 3/6/2007 9:20 PM
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Thanks pauleckler for a reply. The company was matching 50% of $1000.00. So all I ever got was the 500 dollars. the new one from what I understand is they combine your age with your years of service and there is a chart that tells you the percentage of compensation credit. Mine is 7%. You work at least 1000 hrs per year, no problem for me, and the company matches up to 3.5% as follows. 100% on the first 1% of eligible earnings that you contribute and 50% on the next 5% you contribute. So I am guessing if I contribute 6% I will benefit as much as I can. I am not sure I understand this fully yet. I have a few months to figure it all out. with the 401k plan we have vanguard and I can go in and change things around and play with it. I don't do that very often but right now I have put a little more in the international market. I just don't want to do anything stupid with this new one coming in. I might get transition compensation credits as well. The traditional pension benefit will continue to vest and be payable monthly at retirement. I worry more about the cost of healthcare than anything else. Thanks again....if you understand and can explain any of this, be my guest...K
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