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For comparison's sake. I have a pretty good pension plan and my employer contributes about 27% of my gross salary to it along with the 8% I contribute. If som
by frumper 3y ago
For comparison's sake. I have a pretty good pension plan and my employer contributes about 27% of my gross salary to it along with the 8% I contribute. If someone offered a 401k match of 300% on my 8% I'd call that a good deal, but what you described is what people more often get.
- cool_dude85 3y agoCareful here. Some of that 27% is no doubt to achieve full funding, so shouldn't really be thought of as the "cost" to provide the pension per se, rather, the cost to catch up on previous underfunding.