Please, please, please move all your insurance over to Progressive to help them expand their #1 position. Tell all your friends and family. State Farm is too expensive, we all know the service su-ks with the trash we hire and hit useless agents and Execs in the pocket book. If we can help SF shrink more and make the Execs look bad, they will have no choice but to start cutting people and offering the severance to more people. Especially for those of us in claims who just want the he-l out of the total dumpster fire. Between the MT legacy and "2040 cancer" that is eating away everything once decent about SF, it needs to be known as the greatest disaster in the history of business. This place is a total sh-t show.
9 replies (most recent on top)
@b7 LOL that money isnt part of State Farms operating portfolio. Get a clue, they've partitioned that off and never touch it, it's in reserve specifically for the pension plan.
@b7 you do realize people die. They are not collecting the pension in perpetuity.
What a tool. Progressive is not #1, probably never will be. You can’t use selective accounting scooter, don’t you think you should total all written premium not just auto? Azzzclown.
I’ve work at Progressive it’s a total chop shop steer clear of that company. Last Resort if possible. They are buying up business the storm is coming for them it’s going to hit hard.
ILR Retar- that is not the way a pension works. They make a small contribution yearly based on a percentage/formula of your salary into a managed pension fund that grows through compound interest/returns over 10-20-30+ years. When you retire they annuitize it for you which gives you a guaranteed payout. They never contribute another dime to a person's pension when you retire. You pay almost full price for healthcare for a couple of years or until 65/medicare takes over. There is this cool think called the internet which you can look up all kinds of neat things, personal hygiene, basic math skills, finish your GED....all things that might help you before you post something id--tic! Go Progressive!
@b7 awwww, someone is upset they missed out AGAIN!
Yes, some of us earned a pension, some of us bought Bitcoin under $100, some of us bought houses at $20k.
But YOU have many many more participation trophies than we have.
It all evens out.
@af let’s say there are 10,000 retirees collecting 50,000 a year. That’s a half billion a year. With 60k more employees in the workforce it will just increase. Half a billion a year for the next 40 to 60 years. No wonder rates are so high. Guess I’ll cancel my policy too
Ohhh there is the lazy employees pension troll again.....Pensions are a small piece of the pie! Agent commissions are the biggest expense piece! Cancel away!
I did my part. Just moved all my policies. I’m no longer going to let my rate increases fund some lazy worker’s pension. Bye bye.