Comments on: Company Pensions and Executive Pay http://allfinancialmatters.com/2006/01/21/company-pensions-and-executive-pay/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: Jesse http://allfinancialmatters.com/2006/01/21/company-pensions-and-executive-pay/comment-page-1/#comment-1134 Jesse Tue, 24 Jan 2006 16:18:47 +0000 http://www.allthingsfinancialblog.com/2006/01/21/company-pensions-and-executive-pay/#comment-1134 RS, our ESPP did the exact same. 5%?! Yeah right... RS, our ESPP did the exact same. 5%?! Yeah right…

]]> By: RS http://allfinancialmatters.com/2006/01/21/company-pensions-and-executive-pay/comment-page-1/#comment-1108 RS Sun, 22 Jan 2006 20:34:48 +0000 http://www.allthingsfinancialblog.com/2006/01/21/company-pensions-and-executive-pay/#comment-1108 I work for IBM and as I am sure that you know, they just announced that our pension was going away. However, they will be giving us the same amount to put into our 401(k) plan. I personally think that this is a good thing. I would much rather have more control over my retirement. I also agree that it is tough to see CEO's with their huge salaries and bonuses while our health plan gets worse every year and our ESPP gets killed (went from 15% discount to only 5%). Just tough for the "little people" to take. I work for IBM and as I am sure that you know, they just announced that our pension was going away. However, they will be giving us the same amount to put into our 401(k) plan. I personally think that this is a good thing. I would much rather have more control over my retirement.

I also agree that it is tough to see CEO’s with their huge salaries and bonuses while our health plan gets worse every year and our ESPP gets killed (went from 15% discount to only 5%). Just tough for the “little people” to take.

]]> By: JLP http://allfinancialmatters.com/2006/01/21/company-pensions-and-executive-pay/comment-page-1/#comment-1105 JLP Sun, 22 Jan 2006 03:28:09 +0000 http://www.allthingsfinancialblog.com/2006/01/21/company-pensions-and-executive-pay/#comment-1105 THC, I agree with what you say. There is one quote at the end of the article that bugs me: <em>But Klinger, at Responsible Wealth, thinks that the uncertainties of investing in a 401(k) plan are worse. “It turns a secure retirement into an uncertain retirement. People might be better off if the market soars. Or else the market might stumble along."</em> I've read lots of stuff about people who lost their pensions WHEN they were in retirement. The idea of a company pension taking care of you through the rest of your life is wonderful, but its not grounded in reality. THC,

I agree with what you say.

There is one quote at the end of the article that bugs me:

But Klinger, at Responsible Wealth, thinks that the uncertainties of investing in a 401(k) plan are worse. “It turns a secure retirement into an uncertain retirement. People might be better off if the market soars. Or else the market might stumble along.”

I’ve read lots of stuff about people who lost their pensions WHEN they were in retirement. The idea of a company pension taking care of you through the rest of your life is wonderful, but its not grounded in reality.

]]> By: thc http://allfinancialmatters.com/2006/01/21/company-pensions-and-executive-pay/comment-page-1/#comment-1104 thc Sun, 22 Jan 2006 03:21:07 +0000 http://www.allthingsfinancialblog.com/2006/01/21/company-pensions-and-executive-pay/#comment-1104 Brush's article is pretty slanted. He's talking about "freezing" pensions which is not the same as reducing benefits. New employees are simply not eligible for the plan. Defined benefit plans have been on the way out for decades, ever since the advent of the 410(k) plan. Shouldn't Americans be encouraged to take more personal responsibility and rely less on others? Brush’s article is pretty slanted. He’s talking about “freezing” pensions which is not the same as reducing benefits. New employees are simply not eligible for the plan. Defined benefit plans have been on the way out for decades, ever since the advent of the 410(k) plan. Shouldn’t Americans be encouraged to take more personal responsibility and rely less on others?

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