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I have applied to several positions up Google. I have not heard anything back at all. No matter if I customize my résumé to the job description I still don’t hear anything back. I am wondering as to why Google ghost people instead of just telling them that they didn’t get the job? Do people on Google believe it is appropriate for the recruiters just a ghost people especially if they feel they don’t match the job?
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Bain & Company Help a brother out and like this post so I can dm! Also, would be really grateful if anyone is willing to give me a referral to their firm. I graduate this year and interned in the strategy group at KPMG this summer McKinsey & Company EY-Parthenon Deloitte Strategy& Bain & Company Accenture
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This framing is exactly how your generation and the one before were quietly robbed of guaranteed retirement income.
Pensions weren’t an investment product; they were a paycheck replacement.
Comparing pension crediting to market returns ignores sequence risk, longevity risk, and the fact that most people retire into uncertainty, not averages.
You are not gaining flexibility. You are inheriting the risk that employers used to carry.
OP may be too young to understand that. DB pension plan by definition is defined benefit. Company takes all the risks to project a lifetime benefit to emoyee via a fixed paycheck for life. Total opposite of 401k which is DC aka defined contribution amount to your account and employee takes all the risk with no guarantees.
It's a benefit, so it's an added extra. To simulate not getting the benefit, you could throw away the extra income they're giving you
I’m a mere mortal, but here is my take. Pension is just a retention carrot from olden days. They cannot get rid of it just like that, but they have diluted it. But it is still guaranteed income , saved from market fluctuations
I guess that’s one way to compensate for independence restrictions. Not quite sure where you are getting the 8% though? Is Deloitte adding 4% of your comp’s worth in pension every year?
OP I think you’re absolutely correct in your thinking
The comp hierarchy is
1) tax free cash in the future
2) cash in your bank account
3) everything else
Anything in the last bucket is worth much less than its face value, doesn’t matter if you’re getting spacex stock options, Deloitte pension, startup equity or whatever else - and it’s basically a ploy to save cash while convincing employees they’re getting paid more than what they’re actually getting paid
Rising Star
Is there a tax play here?