How much is the partner pension at Big 4 firms? How many years do you get paid for?

like
Posting as :
works at
You are currently posting as works at

I am EY and part of the old pension; the one that is funded. Someone will have to explain the new pension. I am 50, so there are still a lot of EY partners under this pension. I think the new pension came in 5 years ago. For my pension they take the 3 highest grossing years out of your last 5 years at the firm. If the average of those years is more than $1.1M then they cap it at $1.1M. You are basically paid a 1/3rd of that for I believe 15 years. It goes down slightly if you elect for it to be paid as long as you or your spouse live, which is what I will do so I will make around $350K for mine and my wife’s life under the pension. You can also elect to be paid a lump sum. You can start to collect the pension at 58 (if you retire then or earlier).

likefunny

The pension at pwc is similar if you were a partner before the merger in 1998. They changed it big time then.

like

I’ve heard it is 1/3 of the average of your three highest paid years or something like that. As the saying goes, money won is twice as good as money earned. So it’s a healthy amount. EY is the only big 4 with a fully funded pension though.

like

Related Posts

How is HCl for SAP projects and do they provide base location as mumbai?

like

@McGraw Hill any idea on salary for academic design roles ?

likehelpful

I just got offered to run my agency office of under 25 people alongside one other person so the owner can work on new business. I’d oversee all strategy and creative - what’s an appropriate salary? NY

like

Urgent Multiple requirements for Android Developers with min 2+ Years of experience in Hyderabad, salary not a constraint for the right candidate.

like

15+ years YOE but offering C3B is it acceptable 31 LPA??

like

Iam having 4.6 years of experience. Initial 3 yrs as .Net full stack dev & remaining as power apps dev.
What should be the CTC as per the market standards

like

How’s 200K SGD for strategy and operations in singapore?

like

Hi.
Would anyone be willing to share the Interview process at Amdocs, Pune?
I've an interview coming up and would like to have some heads up.
Also, do they provide good salary package?

What is the salary if an A con in EY India consulting?

like

What’s a fair expectation for my first raise? Publicly traded co with ~2500 employees. I’ve been doing litigation with the company for almost 3 yrs and have only had a 2% cost of living raise so far. Graduated in 2014. Base comp is $127.5k in the Philly area. I see salaries all over the place in this site and it’s hard to tell whether mine is competitive.

like

Hello Everyone,

I have received offer letter from Optum Global Solutions India recently and I am seriously considering joining it(I also have offers from Deloitte USI and Verizon).
My breakup annexure mentions 4 components apart from RRP and PF. Basic, HRA, Flexi, Special Allowance. Either the Special Allowance or the Flexi is not included in the CTC mentioned in offer letter. So I want to understand how the Flexi and Special Allowance are paid monthly. Can someone please help?

like

Hi, I was promoted to Associate in March. Am I eligible for October annual hike?

like

How much do Tiger Analytics pay for a referral?

Tiger Analytics

What’s the compensation of L4/L5 Product Manager at Meta (FB) in Canada?

like

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

like

What is the appraisal cycle in EY GDS? When do we get appraisal year end rating and hikr letter and amount?

like

Has any companies given their employees good raises to help with the rising costs of everything? I was a top performer and only got around 3% this last year.

likehelpful

I just got promoted at A.con level and when my manager asked me salary expectations I told very less pay wherein as per industry standards it is quite high. Would I get salary as per industry standards or as what I expected?

like

What kind of projects and clients does Strategy& have in Toronto?
Also does anyone know the salary range for a manager?

like

Anyone working or know about the company ‘TietoEvry’. A friend of mine got an interview call and wanted to know about company culture and pay range etc.

like

More Posts

Advice for reaching out to a recruiter on LinkedIn?

like

Even Spiderman can't deny his grandma! 😂

Post Photo
likefunny

At Wells, we have a monthly email newsletter (automatic) as well as an email platform on demand. Do you guys think clients receiving a monthly newsletter is too much and would look like spam?

like

Is it a bad idea to leave tech and try something else if I want to go back to tech eventually? For context I have the opportunity to move to London and pivot into a new field for me but the job is at an agency. I know I’d want to eventually go back to tech but paranoid it’ll be more difficult - thoughts?

like

What does a new band 4 bonus range look like at Bank of America?

like

In my offer letter it stated a signing bonus to be paid on the first available payroll after my start date. Its been a month since my first paycheck and HR and the Payroll team are incredibly unresponsive to my inquiry on where this bonus is. What’s the next course of action? Legal? I’m not at ACN anymore so not looking for ACN-specific advice.

like

I recently received an offer at Accenture UK in Edinburgh as an L9 software engineering team lead. I have 3 YOE. Compensation package is £40, 000 base and a sign on bonus of £4000. What should I be expecting at this role? Is the offer good enough?

like

Hi everyone, what is a good asking salary for CFE Associate Consultant in SAP Ariba? I have asked for CTC of 9 LPA during salary negotiation, is it a good ask?
How much do a CFE Associate Consultant usually get with 2 years of prior experience?

SAP Infosys Consulting Wipro Amazon

likeuplifting

I’m a certified Health Coach (my training/courses are CCE-accredited by the International Coach Federation) w/ a BS in Psychology. I got a temp to hire starting at $18/hr. It is my first professional health coach job & they did not require temps to have a coaching certification, but I have one. I’d like to know if temps could negotiate salary when given the job offer. The position is remote & I’d like $20/hr. I’ve invested in myself as a coach & plan to complete board certification by early 2023

like

Hi fishes.
Currently having multiple offer in hand . Can you suggest a good one

HCL (18 fixed , 3 variable - 21 total CTC)
LTI (19.5 fixed , 1.5 variable - 21 total CTC)
HEXAWARE (20 fixed , 1.5 variable - 21.5 total CTC)

SKILL SET - Java spring boot microservices and AWS
YOE - 4.8 YEARS

like

I work in a strategy role at a gaming company. While I have the designation of a manager, I am not managing anyone. They were going to hire people who I would manage but due to recession it’s not happening. I was earlier in consulting and left at the senior level. How does one pivot into senior roles without having an opportunity to manage anyone?

like

Move from SAP practice to Ivalua ? Good or bad career move (7 years experience in SAP )

I am currently in ID and wanting a miracle in-house position. I recently learned that the VP of Lit for an ins. carrier was promoted leaving her position open. I’m unsure if they’re planning to fill that vacant role. I’d like to approach her about my general interest of going in house (asking her how she did it herself) and mention my interest with her company. I know this is a sensitive topic as she gives me cases. I have a great professional and personal rapport with her. Any tips?

like

I met two of my three aides for the first time today and they have been nothing but miserable the entire day. How could I promote a more positive environment without directly calling them out?

DE&I is now a core leadership competency. If you are managing diverse talent, it’s important to understand what the term “privilege” means within a DE&I context so you can lead your team to higher levels of inclusivity+develop optimal strategies for solutioning around team issues/challenges. Everyone has some aspect of privilege depending upon the context. Privilege means the absence of obstacles/barriers, not necessarily the presence of perks. Though some would say *that* itself is a perk.

Post Photo
likesmart

Hi Recruiters,

I am actively looking for job switch. 4.1 years of experience as core Oracle DBA. Currently working with CTS serving notice. Please let me know if you can refer me lead me to any open position for same.

Thanks in advance...!!

like

Hi Fishes,
What salary can one expect as a associate principal analyst with 3.5 YOE at Gartner CXO and advisory??

like

Is there anyone who is @cvshealth who would not mind giving me a referral? I have applied to a Senior Manager Quality Improvement Actives position. I would love an opportunity to interview to better demonstrate the value I can add to the organization. Thanks I’m advance!

like

Custodial or 529 for child?

like

Hi Friends, I have some responsibilities which I need to carry out for my families and dependents for which I need some money in the next two years.

I dont want to change my job just for increasing my salary as it would bring some extra pressure and other complications with it .

Please help me out in earning some passive income ..

any idea or suggesstions would be much appreciated.

like

Additional Posts in Accounting

Apple Watch or Fitbit? Does anyone have both? If you have both, do you use the Apple Watch as a regular watch and the Fitbit for working out? Just curious to see what people think. Thanks!

like

Any legitimate excuses related to work that used to get out of jury service? Help I'm desperate!

like

Can anyone recommend a good office chair for less than $100?

like

Thoughts of transfer pricing?

like

You ever get so sick of prepping for a walk through you just say fuck it and wing it? I mean really, the pressure should be on the client to talk about the process, not on us 🙀

like

Do a lot of seniors in the advisory groups work weekends? I am coming from a group that has busy seasons sometimes we don't get a day off for a few weeks before the deadline. 80-100 hour weeks for me.

like

Florida CPA here with a question regarding CPA license renewal. I passed my tests sometime in February 2019 but didn’t get the official license until January 2020. What dates should I use for counting my CPEs towards the renewal?

like

Do you prefer internal or external auditing? 📑

like

What would you choose and why? Core Tax, SALT, or International

Did you get a bad review on your very first client? and if so how did you deal with it?

like

Anyone work in Global Mobility at Grant Thornton? How does it compare to big four?

like

What’s a good wireless printer?

like

When you thought your flight would be cancelled but turn out to be one of the few that leave. 600 flights to Houston cancelled and yours leaves. Bummer!

like

Passed the CIA. 🍾 I'm rolling deep in the letters... CPA, CFE too. What should I do next?

like

Good bar spots around 345 park (KPMG) lol

like

When people plan, God laughs. When public accountants plan, God busts a gut laughing.

like

I’m in real estate tax group and looking for good books about RE fund/investments/accounting during non busy season. Any recommendations? Thanks!

I accidentally lowballed my desired salary for senior level. I’m quite sure I’ll be receiving an offer letter. Any tactics for negotiating a higher salary?

like

Is it bad to be over-utilized? I just did the math and I could charge zero hours this week and take a 3 week vacation after and still be 100% utilized? Is that abnormal?

like

How long did it take before you learned to just embrace the craziness?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal