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The Water Cooler
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Trump seeks to update retirement rules, help Americans save more
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<blockquote data-quote="dennishoddy" data-source="post: 3150657" data-attributes="member: 5412"><p>My self and others just couldn't believe it either. No matter how much we tried to convince them that it was a winning deal, they wouldn't listen. </p><p>I need to elaborate on the 11% match. They matched 6% of our 401K.</p><p>They had a pension program that they did away with because they could see where it was going to be unfunded. </p><p>Instead of just doing away with the pension program that paid for all medical after 30 years, with partial medical after 20, they elected to start a program where 5% of our gross pay went into an investment program that they matched and invested to provide medical coverage if retiring early. </p><p>Since I retired early at 62 and wasn't eligible for the previous pension program by 2 weeks, I had my medical covered until hitting medicare. </p><p>Pretty sweet deal. </p><p>OG&E really takes care of their employees.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3150657, member: 5412"] My self and others just couldn't believe it either. No matter how much we tried to convince them that it was a winning deal, they wouldn't listen. I need to elaborate on the 11% match. They matched 6% of our 401K. They had a pension program that they did away with because they could see where it was going to be unfunded. Instead of just doing away with the pension program that paid for all medical after 30 years, with partial medical after 20, they elected to start a program where 5% of our gross pay went into an investment program that they matched and invested to provide medical coverage if retiring early. Since I retired early at 62 and wasn't eligible for the previous pension program by 2 weeks, I had my medical covered until hitting medicare. Pretty sweet deal. OG&E really takes care of their employees. [/QUOTE]
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Trump seeks to update retirement rules, help Americans save more
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