WTF is the Pension Plan? It says I'll get 29 a month when I retire. Is it possible to take the money lump sum now?
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Does anyone know if Target offers an early retirement incentive? I'd love to volunteer to "retire"early if there was some allowance to add 5 years to my pension benefits. Just wishful thinking?
obviously the OP has a pension benefit. Call TMSC current employee or not they can tell OP what's what. Number has been posted.
While I'm no longer a Target employee, I do recall the pension plan going away for new TM's around 2009 except for new hourly DC TM's that were hired. All other new hires, including exempt Distribution TM's were not eligible for the pension plan. My understanding why they kept it for new DC hourly TM's was to mitigate the threat of potential union formation activity. I left 2 years ago and can't remember if new DC TM's were pension eligible or not in 2015 but I do recall they were several years after it was eliminated for other new hires (in 2009 or around there).
Pension plan pretty much explains itself.
I am sure at the DC level pensions were cut off for new employees around 2009.How is your total so low?
How long you worked there are you in store or warehouse?
Call 1-800-828-5850 you'll know in 10 minutes.
Generally, if your pension total amount is under a certain figure (like $5000), they will give you a lump sum check.