Ok, I'll hopefully not get too many negative comments.just trying to understand something here...if you worked for AZ like 25 years, from let's say 2000-2025, we would obviously have 401k, but the extra that's put in az pension, where monthly/biweekly contributions made on our behalf....this is NOT like "work for 25 years and you get a monthly pension" thing....isn't it more like if you have 150k contributed after 25 years(separate from 401k), that's it? Meaning your "pension" is $150,000, which wouldn't last like 3 years or so?
It is not really a dedicated pension like the original Zeneca legacy. The legacy Zeneca people can sail off into the sunset and never have to worry about finances provided they invest wisely. I know many who retired multi millionaires and living life large.
You are so wrong!! I'm retired Zeneca Legacy a couple years ago, and no way it was close to millions. 20 years in... Starting with Zeneca. Small pension.. Alittle bigger Retirement savings.. Biggest is My 401K. Previous 13 year career in sales and my pension there doubled AZ's.
Hey, you can make that $150k last a really long time. Have you ever seen that show Extreme Cheapskates? Some really good money saving ideas on there. Disposable toilet paper is totally overrated anyway.
AZ pension is $8000.00 per year... From the Zeneca pension.... What a joke! And I guess that's a bonus compared to the folks that started with AZ
retired DM here....Stuart, ICI, Zeneca, AZ. Retired years ago seven figures before the decimal point. Yes we did very very very well. I'm sorry to hear this benefit has gone by the wayside.
Wow congrats. That is a great success. Nowadays it takes years of diligent savings just to retire with dignity. Pensions are unfortunately only available to public employees.
As long as they buy them out if they are close (~2 years) to qualifying. These people have given many years and for you newbies to come in and say F' off to the tenured...you can lick my poon. Just remember karma is a bitch.
