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Post Info TOPIC: what is in your retirement plan.


Guru

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what is in your retirement plan.
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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.


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Anonymous

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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.



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Guru

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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.




 



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Anonymous

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Hello Grumpy,

If you are still on this site I have a question or two for you....

 



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Guru

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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



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I am no longer part of the oppressed, evil workforce of Kroger!  Can you say "Hallelujah"  

Anonymous

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I retired at 43 on disability from general motors 10 years ago. I had 25 years worked. At that time I received

2788.00 from social security monthly and 2688.00 from general motors for a total of 5487.00 monthly. That 

Was 10 years ago buddy. I worked for Kroger when I was 16 years old in 1976. There clerks were making. 

$ 11.01 an hour 40 years ago! What do they make now? Tell me about your great union and great company!



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Anonymous

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I was a union rep for  the ufcw back in the day. Matter of fact we negotiated the first concessionary contract

In the history of Kroger! 1981-dayton ohio! Nothing to be proud of. We were rewarded with free booze! Free

Whores! Free cadallics! All compliments of the great Kroger co.



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Anonymous

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who would I contact to see if I have any retirement from kroger.   I was a manager for 11 years.



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Anonymous

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What KMA and department do you work in?



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Anonymous

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I would follow up with yourKrogerbenefits.com .



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Anonymous

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you hope to have the pension for the rest of your life.. search around plenty of union pensions get cut or go up in smoke.

 

good luck

 



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Anonymous

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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



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Guru

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Anonymous wrote:

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:

18 + 2 =20

20 + 20 = 40

40 + 3 = 43

 

2+20+3= 25 years.

I rather do it the old fashioned way.  43-25=18.



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Here for the fun working environment.

Anonymous

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Anonymous wrote:

I would follow up with yourKrogerbenefits.com .


 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



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Anonymous

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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.



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Anonymous

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bulsh I went to work for Kroger sept 1976 and was payed 3.40 an hr min was 2.70 why lie be an as some were else!!!

 

 



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Anonymous

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I just checked my retirement plan.

It says 3-4 Tic-Tacs, a couple nickels, and potentially even several sticks of gum depending on decades of service.



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Anonymous

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Be careful.



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Anonymous

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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!



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Anonymous

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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. 



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Anonymous

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That is a more intelligent plan than depending on a pension and/or Social Security.



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Anonymous

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Not only that but you might die tomorrow,then where does your pension go? Back in there pockets. 



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Anonymous

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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.



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Anonymous

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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.



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Viktor

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I will live well when I finally get to retire thanks to the UFCW and their work.



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Anonymous

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I hope that you sleep well knowing that you donated a portion of your dues to corrupt politicians and union officials!



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Anonymous

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I will live well when I finally get to retire thanks to the UFCW and their work.

Their excellent work in letting retirement benefits slip away from the rest of us?

COVID and the "labor crisis" are doing a pretty good job of showing how useless the union is.



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