So i had my pension info session this week and what a joke! Near the end the pension manager from Spectra (can't remember his name) told us that we are all better off under the new structure and "the company basically spends 15% of your salary to provide that benefit of 1.5% per year. I guess he didn't realize that we employ numerous people who can actually do the math to figure out that it costs roughly half that and the employee will now be contributing 2/3 of the cost. What a lying sack of excrement. Integrity my *ss how are these people allowed to spew lies like this is beyond me...
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How much value does the stock lose once employees are no longer forced to buy stock in their 401ks?
Director or vp level
I take it you’re not at the director or both level? I understand that the terms of their pensions remain the same.