been with Kroger for 20 years. vested in my pension plan after 5 years. I will see 89.50 per month per year of service when I retire. They pay into it for 30 years max and anything after that they take off the back end so you have the best 30 years. Statement has me at 1553.25 in my pension payout as of now and when I retire. Need 15 more years and the pension has the full 89.5 and that is 2685 per month for my pension till the day I die. SS statement cam and it shows 1863 per month as of now when I an almost 67. So even if I never see another $ increase in SS them when I hit that 66 years and 10 months I get 4548 a month to live on. None of that possible without the union, the pension and Kroger . So bash the unions, hate the evil kroger and tell me how muck the old timers suck. I will live well when I finally get to retire thanks to the UFCW and their work.
$89.50 per month per year of service is what we see at this time.
Do you think that yuo might be just a little off or underestimating the rate of inflation over the next 15 years. Not as much worried about the union pension being there but SS says it will be there and that is the one that probably will be cut or near non-existand in 15 years or so.
Anonymous wrote:
well, cheers mate.
if inflation doesnt do anything crazy thats like getting $2665/mo today. (3.5% avg/15 yrs)
but in 15yrs how things are going, medical expeditures out of pocket for you should be minimal if not non-existent.
retirement plan??? we have one here? my plan is to sleep on a park bench in Miami Florida after I am 70. or off of whatever inheritance i get from my parents
__________________
I am no longer part of the oppressed, evil workforce of Kroger! Can you say "Hallelujah"
so you retired 10 yrs ago at age 43 after working 25 yrs making cars, that comes out to you started making cars at age 8, if you gonna lie make it believable at least
so you retired 10 yrs ago at age 43 after working 25 yrs making cars, that comes out to you started making cars at age 8, if you gonna lie make it believable at least
Double check math using common core. 43-25=18. Very plausible. Nice gig if you can get it.
I am too old to know what common core is but I think it goes like this:
somebody help me out, here's what I get when I login to that site^ the wording doesn't make sense "id was not provided for in the eligibility file" the what?
As part of our commitment to our great people, Kroger offers competitive benefits that help our associates and their families protect and improve health, grow financial resources, and increase well-being. On this site, you'll find tools and resources that help you understand your benefits and make smart choices.
You have been redirected here because your id was not provided for in the eligibility file. Please provide the below UserID to support. UserID: 345465444
I got this message too. I am in the Southwest KMA. Check with your union rep. The pension is through the union in my case. This may the same case for you as well. Unless you are a salaried manager in which case i would suggest getting with HR.
Grumpy, you are among the vanishing breed of those who still revel in the glories of the corrupt, left-wing union. Thanks to the political contributions that you have made through your dues, we have an administration in power that is promoting economic policies such as unnecessary "stimulus" and uncontrolled spending that will almost certainly reduce the spending power of your pension due to much higher inflation than we have seen in many years. Also, I would be very concerned about the solvency of your pension fund. If we enter tough economic times, I hope that the union geniuses have invested your money very well, as many pension funds are already on thin ice. GOOD LUCK!
I created a 401k in high school when I was eligible to work. Been depositing the maximum allotment into it each year. My new accountant is allowing it to grow much faster now. All I have to do now is sell some stock and deposit into it. The cycle just repeats it self.
Another quick way to make money is to invest into bonds, stocks and cd's. Then continue to roll back the interest earned in them into more growth. This is how one of my great's became a multimillionaire. She just continued to reinvest and live off her monthly income. When she retired she moved into an estate. I'm following her practice and it's working. Women in the early 1900's didn't have many job choices so she had to rely on investing in safe non volatile means. My goal for retirement is to live off of interest.
The best retirement plan is to save and invest your money as an individual, and to consider pensions and Social Security as merely supplemental to ones own savings. The Biden administration, funded by contributions of dues money from the left-wing unions, discourages investing with talk of higher capital gain and corporate taxes, which are certain to slow economic growth and return on investments for individuals.
You might want to check that again. It's not $89 per year you've worked there. Ive been there 15 years and am at $70 per month. The union is a joke. You worked 20 years for nothing. Hope you have other investments because you definitely can't live off of pension.
