Pension estimates

[anonymous]

Wrong. 25yr Wyeth & my pension is 1.9mil as a rep.. Out RD retired at 30yrs (of course their avg salary was higher) but being legacy Upjohn their pension was right under 3mil.
All legacy companies had higher lump sum than legacy Pfizer from those who I know.

Bullshit.

 

[anonymous]

You may be Pfizer legacy, but the pension value of acquired companies is no where near that much.

The Special Olympics 8th place trophy winner chimes in again.
Broke, stupid, and a liar aren’t good traits son! Go back into the trailer, your sister is waiting and she got that eagle on waiting for you.

Stick your head back up your ass. Your more intelligent with it there.

 

[anonymous]

IDK about your situation but pensions are contributed by the co as a % based on your annual salary (higher salary the more the co puts in)--' not every rep, manager, HQ or even pay grade is the same Pension.
Also Pfizer had a backend pension formula in that they contributed a smaller % in early yrs and larger % later year.
Last 10yrs---Year 20-30 the Pension grows 3-4x than the first 20. It is one of the formulas Pfizer had always used because the company is playing the odds most employees dont stay past 15-20yrs.

In my case, I am at 25yrs and 48yrs old. Legacy Pharmacia and if I took early retirement today with the 0% rates my Pension Lump Sum is showing 1.2million. (It is frozen of course & can only go down w higher rates-- being frozen it has grown 350k in 2yrs since 2018 w Feds lowering rates).
Several reps in my Oncology district have taken early retirement with a 1.5-2mil Pension.

Your situation might not be that much or it could be more, IDK but for a 25-30yr employee the Pension are over 1mil unless you didnt make a lot or salary & bonus in your career up until the time they froze it in 2012ish.
(Sad thing prior to freezing it, my pension projections at 65 was going to be close to 3mil but i have been in HQ & operations with high salary being a rep the past 10yrs.

Obviously you don’t know much.

 

[anonymous]

Legacy Pfizer. Rep my entire career. Current lump estimate within 4 month interest look back period is $1,493,000. Not sure how that compares to the other plans, but it doesn’t sound bad to me

 

[anonymous]

Please turn to page three of the Pfizer Benefit Booklet.
It reads that a former or active employee can or can not take or review the correct
pension amount that will be based on the exact amount given or taken within a portion that can or may not exist after the retirement period has expired..
Please turn to page five for a more recent update to the last update.

 

[anonymous]

Legacy Pfizer. Rep my entire career. Current lump estimate within 4 month interest look back period is $1,493,000. Not sure how that compares to the other plans, but it doesn’t sound bad to me

Take it and bank it to turn into 3mil in 10yrs on your own