u/SiLeNZ_

Pension advice

Pension advice

I’m wondering how much value I should be placing on my pension I receive through work. Pensions are becoming increasingly rare, and I was lucky to be grandfathered into my company’s plan a few years before they did away with them. It is entirely funded by them, they contribute a percentage of my annual salary at the end of each year, and that percentage increases overtime. I have attached a breakdown of how the plan has gone the past 9 years.

I’m looking for any advice, mainly in the event of a new job opportunity. I’m wondering how I should treat this vs a higher paying job but without a pension. My main concern is how little has been put in over the ~13 years I’ve been vested, and whether that will make enough of an impact when I do retire. I also contribute myself to a 403b, and that is already up to 13k in just over a year.

I’m not as knowledgeable in this area as I’d like to be, so I apologize if I made any mistakes with my wording. I know I’m rather late in getting the ball rolling with my retirement, so I’m trying to do what I can now.

For reference, I do get good benefits here as well, such as 8 weeks vacation/ PTO per year, medical & dental insurance, along with the ability to cash out unused PTO.

u/SiLeNZ_ — 2 days ago