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Pension! - The highs and lows of KuteLuvr

About Pension!

Previous Entry Pension! Jan. 27th, 2005 @ 11:15 am Next Entry
Dood! I've always understood that my 401k was pretty much the only thing going for me in terms of my retirement (fact is, I'm not exactly a saver)... so when thinking about my retirement, 401k was the only thing that came into the equation.

Well apparently at HP, I have a pension! It's pretty sweet, too! Supposedly, by the time I'm 55 (though I can't pull off of it until I'm 65), assuming I stayed with HP, I'd have $3 Million in retirement! Phuckin A!

Unfortunate truth is that I probably won't stay with HP for the next 30 years (well, technically it's only 25 more... that's not so long ;)... but it's still interesting to think about... and I already have some level of investment in the plan that's mine already, no matter what (though again, I can't touch it until I'm 65 without serious consequence).

That's pretty nifty... it's funny how if you can manage to stay in the club (notice the word "manage"), HP actually takes pretty good care of it's own :)
Update: Okay... I'm totally on crack... it'd only be about $300K... but that's still pretty good... especially since it's 100% free money :)
Current Mood: chipperchipper
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From:huckie
Date:January 27th, 2005 07:33 pm (UTC)
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Yes, except that's just what airline pilots, state workers, and a whole host of other people thought they had. Then comes the bankruptcy reorganization where the company decides that paying pensions is too costly and cutting into profits. Or the guvenator deciding that the best way to close to budget gap is to cut state worker pension benefits. So the point being, if you make it to retirement and still have a pension, take the cash out option. ;-)
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From:kuteluvr
Date:January 27th, 2005 10:36 pm (UTC)
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Geeze... wasting no time jumping all over my journal, are you :P
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From:huckie
Date:January 28th, 2005 01:07 am (UTC)
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I'm in one of those must crush all signs of happiness moods. I'm pretty sure it stems from the fact that I'm not allowed to apply electric shocks to or order the beatings of those working under me. Oh, that and the recent talks of the guvenator tossing around the idea of cutting the puny pension the state would give me if I managed to stay here for 20 years. ;-)
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From:kuteluvr
Date:January 28th, 2005 02:55 am (UTC)
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I wasn't referring to you... some random person was posting "You've been with so many people, you immoral slut!" postings everywhere. Not you... not you... :)
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From:soundofthemoon
Date:January 28th, 2005 03:11 am (UTC)
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That's why I disabled anonymous posting!

Pension is cool, but so 50s. Good luck hanging on to it, heh.
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From:sierra_nevada
Date:January 28th, 2005 09:03 am (UTC)
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I never understood the religious nuts' insistence that being sexually generous means you're immoral. Of course, what they mean to say is that since you won't follow their rules of sexual conduct (and sublimate your sex drive to their ends), you're uncontrollable...

God Bless Individual Liberty.
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From:huckie
Date:January 28th, 2005 04:34 pm (UTC)
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The rule is simple, anyone who is having more sex or better sex than yourself, is an immoral slut. So I now take it as a compliment indicitive of jealousy. ;-)
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From:sierra_nevada
Date:February 6th, 2005 08:14 am (UTC)
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Then everyone other than myself is an immoral slut.

Yes, I'm jealous.
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