Comments on: Are your employee benefits in jeopardy? http://www.thickenmywallet.com/blog/wp/2009/07/09/are-your-employee-benefits-in-jeopardy/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: The Sad Story of Nortel LTD Beneficiaries | Canadian Capitalist http://www.thickenmywallet.com/blog/wp/2009/07/09/are-your-employee-benefits-in-jeopardy/comment-page-1/#comment-19876 The Sad Story of Nortel LTD Beneficiaries | Canadian Capitalist Tue, 10 Nov 2009 17:10:45 +0000 http://www.thickenmywallet.com/blog/wp/?p=1058#comment-19876 [...] Check out “Are your employee benefits in jeopardy?” for Thicken My Wallet’s take on this [...] [...] Check out “Are your employee benefits in jeopardy?” for Thicken My Wallet’s take on this [...]

]]> By: Andrew http://www.thickenmywallet.com/blog/wp/2009/07/09/are-your-employee-benefits-in-jeopardy/comment-page-1/#comment-19152 Andrew Sun, 12 Jul 2009 22:35:01 +0000 http://www.thickenmywallet.com/blog/wp/?p=1058#comment-19152 "If there is one lesson reinforced by this recession, it is that the only person who you can rely on for your own security is yourself." Very true words. I currently contribute to a corporate pension and often wonder if I receive 100 cents on the dollar for my contributions. Most corporate pension plans are currently underfunded after the market meltdown and will likely have to make additional "top-up" payments or raise employee contributions to bridge the gap. With all that has happened with Nortel, GM and Air Canada's pension plans you have to wonder to really wonder if your pension plan is safe and if the underlying company can survive for 30-70 odds years into the future to adequately fund the plan. I know the majority of my fellow employees are not concerned with the deficit of our pension plan at all. Most are under the impression that they are guaranteed what their annual pension statements says they'll be paid in their retirement years. As we've seen over the past year this often isn't the case and can be a recipe for disaster. Great post. I often wonder about my corporate pension plan and if the company will survive “If there is one lesson reinforced by this recession, it is that the only person who you can rely on for your own security is yourself.”

Very true words.

I currently contribute to a corporate pension and often wonder if I receive 100 cents on the dollar for my contributions. Most corporate pension plans are currently underfunded after the market meltdown and will likely have to make additional “top-up” payments or raise employee contributions to bridge the gap.

With all that has happened with Nortel, GM and Air Canada’s pension plans you have to wonder to really wonder if your pension plan is safe and if the underlying company can survive for 30-70 odds years into the future to adequately fund the plan.

I know the majority of my fellow employees are not concerned with the deficit of our pension plan at all. Most are under the impression that they are guaranteed what their annual pension statements says they’ll be paid in their retirement years. As we’ve seen over the past year this often isn’t the case and can be a recipe for disaster.

Great post.

I often wonder about my corporate pension plan and if the company will survive

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