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How do the pensions work at Microsoft or IBM? I was under the impression once you vest into a pension you get it come retirement age regardless if at the time y
by euix 6y ago
How do the pensions work at Microsoft or IBM? I was under the impression once you vest into a pension you get it come retirement age regardless if at the time you are still working at the company. Otherwise that seems ridiculous, couldn't they just fire you at 54 and you get nothing?
- wmf 6y agoI don't know about MS or IBM specifically, but often pension payouts will increase over time, e.g. when you hit a certain age (or years of service) your pension increases from 50% to 60% of your salary. So laying someone off at 54 wouldn't cause them to lose money per se but they wouldn't get that 10% bump (which is a lot of money multiplied by 20-30 years).