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Come thru with that .0000009% conversion rate
Quick qstn - I'm receiving HRA of 24075 from my employer but I would like dhow the rent paid as 96k p.a (while filing ITR). Even if I do so, I was only able to get exemption of 24075 from gross. Checking if we can speak to payroll department to increase Actual HRA since I'm actually paying more rent than compared. Will I be able to do so ?Deloitte Newco EY Accenture Genpact KPMG
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I got offer on Citiustech Healthcare Technologies
May I know how WLB in this company, I see in glassdoor and ambitions contains positive and negative. Is it worth to join? Is it useful for me to enhance my career for long run? How about the retention pay? If we leave the company we need to pay entire retention pay?I have other wipro and CTS, which company is better to join?
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HAPPY FILING DAY ALL U TAX BITCHES
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Hmmm...I wonder if you'd be able to answer your own question by clicking on the links in the emails and reading the information there?
Just don’t charge the time you spent looking it up you should have just asked me first rather than spinning out
What exactly do you want to understand about the pension plan? Vesting means they can’t take the benefit away when you terminate. Your ultimate benefit to receive upon retirement is a formula based on your last few years of pay multiplied by a service factor in the pension agreement (which usually correlate with your tenure at deloitte) and an interest factor that’s usually defined in the contract. So if you leave before vesting, you’ll get 0 from Deloitte when you retire. If you leave say after 5 years with Deloitte, you’ll prob get only a few hundred bucks each month from Deloitte, because you last pay from Deloitte is relatively low and your service factor is small
Overall I would think the pension plan is not overly generous, it shouldn’t be factored into your career decisions, but if you are planning to leave at the 2years11months mark, might not hurt to wait another month. It’s literally a small amount of free money that you don’t have to do anything to get it (no need to register online or sort). Only thing is that when you actually retire with a vested pension from Deloitte, you probably want to remember to tell Deloitte you’ve retired. The firm won’t know it after you’ve left, so to collect payment you’d want to tell them and give them your address to receive the check
Just keep being the firm with most layoffs to sweeten your pension.
How does it help? We had layoffs and the raises were still pathetic, so I can't imagine this would increase the pension I get it.
D1 is describing a traditional defined benefit plan. Do you guys still have that? I thought EY was the last to have one (until 2016 when we went defined contribution too).
@KPMG1 that sounds like a cash balance plan, similar to what EY currently has
D switched late 1997 to DC plan. Very easy to understand. Even a CPA could comprehend the plan lol.
There is a way to check your balance and details on TOD for Deloitte. Try clicking on a few links around 401k and retirement section - I forget where exactly, but I have seen those details before.
Let’s start with basics - do you know what a defined benefit plan is?
From what I understand the pension at Deloitte is next to worthless unless you stay until partner and retire with the firm.
That’s correct and probably right vesting AI somehow marks employees for layoffs.