How much does EY contribute in it's pension plan? Can someone explain with an example what got changed between old and new plan ?

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We have a pension? Lol?

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EY2 - it was worth more than that, and it ramped up quickly. 5 years at EY would have gotten you a guaranteed $15-$20k PER YEAR in retirement. Now, 5 years at EY gets you about $35-40K lump sum payment in retirement. The difference between the old plan and new plan is literally hundreds of thousands of dollars for your average employee.

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They fund all of it but it's not a direct percentage. You need to pull your personal retirement report to see what yours shows.

But there has to be certain percentage right? I am trying to figure that

Depends on age and years of service. Starts out real low... Like 2% and increments in 1/4% points. Cash allocated to you accrues interest at 4%.

Not sure exactly what it was before, but I remember seeing that it was worth staying here the 30 years to get it. 30-40% of your salary guaranteed for life.

Pension plan contributions aren't linked to individuals necessarily. I think EYs plan is well funded so no requirement to fund anything but the firm typically does. I'd search the intranet to see if you can find a summary plan description (SPD) for the individual contribution rates now, they are tiered based on age and service.

If I leave after two years with the firm I don't get anything right? I think the vesting takes place over 5 years?

It's now one year, but you would get very little.

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