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In reply to the discussion: Do you have a pension? [View all]MichMary
(1,714 posts)19. Baby Boomer here
I don't have one - I was mostly a stay-at-home mom, worked maybe 10 years, off and on.
My dh, however, has four. His company was bought and sold throughout the 80's and 90's, and through various flukes and happenstance, he got vested in four plans. He also has a healthy 401k. Between the 401k, the pensions, and Social Security, we will be all right; will probably have a higher income after retirement than we have now. (Although, we will have to find health insurance, so . . .)
I didn't really know how to answer the question, since I don't have a pension, but will have the benefit of one.
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Same here my Medicare took all my SS COLA and my supplement went up $15.65 a month.
doc03
Jan 2017
#21
Ours is enough to pay for our drug program and our health insurance. Sadly, it probably won't much
appleannie1943
Jan 2017
#22
Very few people of any ages, if they weren't a government employee or union member ...
frazzled
Jan 2017
#32
Sort of. One place I worked froze pensions after I worked there 5 years of my 11 year tenure with
stevenleser
Jan 2017
#45
I am very lucky that I landed at a retirement company who does have a pension and great benefits....
TrekLuver
Jan 2017
#63
Two, actually. Yes, one small one from a former employer that I'm now collecting.......
WillowTree
Jan 2017
#67