Do you have a pension?

[trixie2]

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

Librarian - public library. At least we were smart and got our pension funds the heck out of dodge each month. Our funds have part employer and part employee. Each year we upped the % by employees and our last contract we had to take a decrease by the employer from 12% to 8% so we upped our share to 15%. Our money is then sent to a party that favors the employee and invested. The employer has been trying to get out of this with it's older employees and have been getting rid of job titles which mean the person in the job title is no longer a viable worker. Thanks Snyder! At least 9 people have had this happen, including me, so now there are only 3 people still in the old pension fund. The employer even tried to get their money back from all the years they put in the pension and the good news is no go. We retained our pensions. It is frozen but still invested until we reach our pension age.

About 10 years ago we realized that getting healthcare from pension age to Medicare age was going by the wayside so we suggest they do a health saving account. They said yes. OMG and split up the pot of money set aside for this by doling money into our HSA accounts depending on years of service, which is fair. Each month they put another $200 into our HSA. This account can be used by anyone on your taxes and can be attained once you are severed from the institution. So very pro employee. This account can be inherited and must be inherited by someone or it goes back to the library. Like that will happen! They even tried to take those accounts back once our job titles were eliminated and NO GO. Hurray for our pension people.

My experience at that job started out great but many, many years in we were treated horribly and now am glad to be out of there and the stress we were under. I am thankful for my pension and HSA. We were also offered a 357 B with out employer contribution. I took advantage of that too. My parents taught us to save and have another investment outside of pension and 357b.

I have always thought that raising Medicare age was a huge problem. My mother was dead at 70. My medicare age is 65 and SS age is 67. People are working longer and not giving young people with families a chance for full employment. How are they going to be able to save enough to ever retire?