All employees at my fortune 500 company received a strange survey about potential benefit packages. For each of the 22 questions in the survey, they gave you two lengthy benefit packages and asked you to choose which one you would rather have. Removal of our current pension is buried in the list along with 401k contributions, health care, HSA, flexible work hours, disability, life insurance and about 5 others. It seems like our company has developed this confusing and lengthy survey as a way to ease the blow of them freezing our pension and make it appear like this is what the employees want.
I personally think they've already decided to get rid of the pension. I'm 46 with 15 years in the company. I would have been able to retire at 62 with 30 years and the full pension. From what I've read, if they freeze my pension now, I'm losing a significant amount of money.
What should I be looking out for if this comes to pass? How bad could this possibly be? Has anyone else gone through this recently? What are my options?
Submitted August 24, 2018 at 11:37AM by Mekias https://ift.tt/2w9GbNu
