Why oh why would you continue working at this ridiculous insane asylum? Life is sooooo short!
Come on and stop feeding lazy old manipulating deceiving bottom feeders...
17 replies (most recent on top)
Why stay?
1) Being released is more lucrative than quitting
2) People are to lazy to look for another job until forced
3) Pension
4) Hope - that market improves for jobs
5) Hope - better times around the corner for the king of change is changed out....
If you did not realize this then you are not that smart
Besides decent pay check; good benefits and pension, the obvious answer is not easy getting a new job these days especially in oil and gas business!
US Pension was discontinued for new hires after 2004. It is quite the perk for those of us in ahead of that. I don’t think anyone is not investing and counting on the pension covering all... but it is a significant benefit and part of a well rounded retirement strategy. I’d encourage you to run an NPV on the pension benefit. It’s sizable, even with aggressive market growth projections. Plus, the benefit is weighted higher later in the career, so staying yields much more fruit for us older folks.... I have to admit, sometimes I do wish our fearless leader would just stop the accruals for us to break the golden chains.
Dream dream dream
If you are a person think about pension and living on pension,you are classified as looser.
No offense
Who can qualify for a pension. Thought SLB quit pension.
Lets assume some greenhat just starting off now with, what, 70k annual, so <6k monthly gross. Take off some medical, 401k, taxes, yadda yadda yadda, there's about 3500 net, of which 1500 is to be saved?
Okay, not totally ascetic, but doable. That's actually a 900k nest providing 45k (not 50k) yield.
Except that 45k in the future has about 26k of today's spending power. Dont forget the taxes. Lol congrats on your corporate breakout.
I do not see why investing and earning pension are mutually exclusive.
The pension carrot for people who slept through algebra:
If you save $1,500 a month over 25 years and get 5% cpmd on your investment (actually very conservative) you'll end up with $1M.
So you're barely 50 years old and pay yourself $50,000/yr in yield. Yet, you don't even touch your $1M. It's yours.
Slb pension is designed for you to die quickly which most OFS guys do. You don't actually believe slb can handle money better than you.
Again, you minions pay for the top guys' parties...
Original post is correct... Why oh why
One of the rare companies that still pays good
Why should I give up 300k usd annual?
If I ever get retired and not laid off at age-1
Pension it is. And a good one, if you spend a few years as IM in a high coefficient locations.
It is also my beach house
I see your point. A bit like the Manson family.
Slb is my family
Because SLB has the best in class bottom feeders in the industry.
One word.... pension.