@PwC partners - two unrelated questions:

1) partner pension - I heard they are changing the formula. Can you elaborate on what the change is and if you feel it hurts new partners?

2) partner buy in - what is the actual buy in $ amount? I've heard $250k but wanted to confirm.

advisory if the answers differ at all. Thanks!

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Darn it pwc... I was really hoping to make it there before the formula changed.

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1) no. No changes are final yet. No one knows where it will land.

2) it depends on how many shares you’re offered. It’s not $250k for new partners. The amount ultimately doesn’t matter.

Thats what I read in news.

What is the original formula?

It’s complicated, and without the full picture of a partner’s career earnings it doesn’t tell you much.

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Partner 1 - thank you for weighing in.

1. Can you paint with broad brush strokes/ give the back of the envelope formula for the current pension?

2. For those who are genuinely curious, can you share how many shares are typically offered and what is the buy in amount range given an individual share may change in value. I understand it may not “matter” as you sell your shares back when you leave. But for those chasing the carrot, it would be interesting to know

Really interested to learn about partner pension and how this works. Thank you!

Really interesting.
Does the pension persist till the death of the partner?
If a partner sells back all their shares when they leave, then is pension a contractual arrangement to pay cash till xyz clause is no longer applicable.

It’s not like that. It’s not a pension in the sense of a true DB plan.

There are options for single life and 30 / 50 / 70% survivor benefits.

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