Anyone know what the PwC partner pension plan looks like for fully vested partners (I believe 20 years)? I had heard it's 50% of final average pay of highest 4 years but curious if anyone knew

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As I️ understand it the pension is really generous. So much so that it’s an incentive to pursue acquisition to help fund the payments with ineligible partners and long track staff. That’s a driver of “Strategic” M&A decisions.

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Would be surprised if it was 50% without a cap. Would be next to impossible to fund properly otherwise. If it is anything like the others there is a formula that looks at years of service, age, and a calculation of highest earning years with a cap. I think most are around $350-400k max which is pretty good when you add it to other investment savings and the fact you should have houses, etc. paid off by then.

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Yeah I'm pretty sure it's ridiculous. It's obviously non-qualified so there are no guarantees on payment if the firm would go under. Hence the incentive for partners to make new partners and keep the pyramid scheme rolling

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