No. of Recommendations: 2
I was "fooled" by my present employer.

Let me start in 1991 - the aerospace company I worked for in Buffalo NY closed down. I had 5 years there so I was fully vested in a pension. Lets just call the pension $X.00 / month at 55 years old with 5 years vesting.

I find another job in 1992 and fast-forward to 2005. I am with this new LARGE company all along. I have been trying to check on my pension with HR for long term planning. NO LUCK with them for YEARS. Until today - the company has put the pension information on the web for all employees to see.

Well - after working there since 1992 and assuming I retire at 55 – that would be working there for 18 years - I will get almost the EXACT same pension as the aerospace company – but I worked for the aerospace company for only 5 years ! Not near the 18 for my present employer.

They fooled me. I would have thought that I would be much better since I worked for my present company 18 years - but NOT ! I thought that the below industry pay was OK as long as they matched 401K and had a good pension. I was fooled.

My present employer has a 401K matching, etc.. but looking back - I wish the old aerospace company was around again (they had a matching program too).

I would suggest you check out your company to be sure what you are entitled to.

I blew away 18 years.
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