{ "media_type": "text", "post_content": "Do most of the big 4 have a pension still for partners? I thought I heard most got rid of them recently.", "post_id": "616f74d9031cc2002a46cb7b", "reply_count": 12, "vote_count": 2, "bowl_id": "5f75071f4a076300201926c8", "bowl_name": "Partners in Accounting" }

Do most of the big 4 have a pension still for partners? I thought I heard most got rid of them recently.

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Deloitte has a pension for partners

GT does

BDO does

Kpmg does

PwC does as well

These "pension" plans are almost all non-qualified and unfunded, with future earnings paying the benefits. The big 4 will have to deal with covid pension spikes (benefits are based on the average of top years of earnings). With partner comp at big 4 up 25-30% last year, and up 15-20% this year compared to 2 years ago pre-covid, that is going to burden future partners and leaders. Is it sustainable?

$400,000 divided by 30% is $1,333,333. I thought reductions to benefits exist to those retiring before 58.

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