General Discussion

Ms. Toad

(38,055 posts)

43. Mine is, essentially.

Sat Jan 14, 2017, 07:32 PM

Jan 2017

Every year i contribute to a state retirement plan, a $0 is added to my 40 year average on which SS is based.

AND adding insult to injury

A deduction is made from my (already lower) SS because I have a completely separate pension.

One or the other is fair - but not hitting me twice.

And don't even get me started on allegations of "double dipping," since no one bats an eyelash at people drawing social security who are still working in the job that funded it. Once I retire, I can sit home and twiddle my thumbs and draw my pension - or I should be able to continue to be a contributing member of society in the job that funded my pension (or anyplace else). My pension is based on years of service and contributions. It doesn't cost my current employer any more to pay me than it would to pay anyone else - regardless of whether I'm drawing a pension or not.

Not that i have a soapbox about this, or anything.

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Do you have a pension? [View all] underpants Jan 2017 OP

How many people still do? dhol82 Jan 2017 #1

Not state pensions. dubyadiprecession Jan 2017 #3

Yes I do, I worked 40 plus years for it and have actually been doc03 Jan 2017 #2

Just as a question - dhol82 Jan 2017 #10

Believe it or not I get three. I get one from the PBGC for a doc03 Jan 2017 #18

Mine is, essentially. Ms. Toad Jan 2017 #43

Our pension has the same rules trixie2 Jan 2017 #57

Bricklayer for forty years--no pension. panader0 Jan 2017 #4

My SS went up 1.50 and my supplemental health insurance went up 20.00 a kennedy Jan 2017 #9

Same here my Medicare took all my SS COLA and my supplement went up $15.65 a month. doc03 Jan 2017 #21

Why do you ask? femmocrat Jan 2017 #5

does social security count? spanone Jan 2017 #6

Yes, but a very little amount GP6971 Jan 2017 #7

Matching is much more common these days True Dough Jan 2017 #25

My current employer contributes 5% GP6971 Jan 2017 #27

Sounds like you should apply next door! ;) True Dough Jan 2017 #33

I would too GP6971 Jan 2017 #35

My household has more than one. RedWedge Jan 2017 #8

I do not but my husband does mnhtnbb Jan 2017 #11

My husband is pre-baby boomer since he was born in 1942. mnhtnbb Jan 2017 #42

Pension Polly Hennessey Jan 2017 #12

No pension, just my savings from three careers. oneshooter Jan 2017 #13

NYS Government - defined benefit brooklynite Jan 2017 #14

Wow. I'm surprised by the number of pensioners. Buckeye_Democrat Jan 2017 #15

I think people might be confusing pensions with 401k's or other savings plans frazzled Jan 2017 #17

Yeah, maybe that's it. Buckeye_Democrat Jan 2017 #20

The vast majority of people I know with pensions True Dough Jan 2017 #26

This DU poll seems odd so far, given the overall stats. Buckeye_Democrat Jan 2017 #28

I think we (DU) skew older etherealtruth Jan 2017 #38

I think we also have a lot more government workers, teachers Yupster Jan 2017 #62

Good point. I didn't consider Social Security when I answered. n/t Buckeye_Democrat Jan 2017 #64

Incidentlyy, other than social security, Yupster Jan 2017 #65

State universities do indeed have pensions obamanut2012 Jan 2017 #53

I'm not confused at all. Two pensions. WillowTree Jan 2017 #68

I got in 3 moths before a shift to a 401 plan underpants Jan 2017 #40

Yup. Baby boomer. Ms. Toad Jan 2017 #46

Nice job saving for retirement! Buckeye_Democrat Jan 2017 #48

I do bluecollar2 Jan 2017 #16

Baby Boomer here MichMary Jan 2017 #19

Ours is enough to pay for our drug program and our health insurance. Sadly, it probably won't much appleannie1943 Jan 2017 #22

I am 73 appleannie1943 Jan 2017 #31

Yes, 30 years with IBM. Also have a 403b from 14 years sinkingfeeling Jan 2017 #23

I'd be curious to see ages. Hassin Bin Sober Jan 2017 #24

Very few people of any ages, if they weren't a government employee or union member ... frazzled Jan 2017 #32

Thats why I was curious about ages. The percentage seems way high. Hassin Bin Sober Jan 2017 #61

I have two and my husband has one radical noodle Jan 2017 #29

a frozen pension Skittles Jan 2017 #30

I'm 55 and retired at 54 with ... HeartachesNhangovers Jan 2017 #34

Yes, fortunately. ben_thayer Jan 2017 #36

AFSCME member/pensioner here. yagotme Jan 2017 #58

Hospital pension, we don't pay into SS. ileus Jan 2017 #37

I have a vested pension from one of my jobs where I worked 13 years. beaglelover Jan 2017 #39

A 403b BainsBane Jan 2017 #41

I Have Two RobinA Jan 2017 #44

Sort of. One place I worked froze pensions after I worked there 5 years of my 11 year tenure with stevenleser Jan 2017 #45

You betcha! Ernesto Jan 2017 #47

One of the Best Berlin Vet Jan 2017 #49

Is it true GP6971 Jan 2017 #50

i'm collecting my late husband's. he was DesertFlower Jan 2017 #51

No, a 401-K etherealtruth Jan 2017 #52

Company cashed out our pension Kilgore Jan 2017 #54

Pension, 401k, and SSI Generic Brad Jan 2017 #55

Yes, was one of the last workers in the door to get in on it. Defined benefit trixie2 Jan 2017 #56

yes still have one. union carpenter in a right to work shit hole state juxtaposed Jan 2017 #59

Michigan? trixie2 Jan 2017 #60

I am very lucky that I landed at a retirement company who does have a pension and great benefits.... TrekLuver Jan 2017 #63

yes but I fear Trump will so screw things up edhopper Jan 2017 #66

Two, actually. Yes, one small one from a former employer that I'm now collecting....... WillowTree Jan 2017 #67

Yes, a small one. Yonnie3 Jan 2017 #69

Two of them. blockhead Jan 2017 #70

Even though I am not yet 64 MurrayDelph Jan 2017 #71