Thoughts on EY pension plan? In dollars

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

I'm pretty sure it's still a defined benefit pension plan. Company funded just calculations changed.

like

$978

like

Hope it stays around.

like

Can anyone provide some more info? This might be incentive to move firms

like

As of last summer it's now a cash balance defined benefit plan. Benefit is based on defined contributions and a set rate of return, instead of a guaranteed % of average salary over your last ten years at the firm. New partners are really getting screwed compared to those who vested and are just retiring now

like

Does EY really have a pension plan?

Yep

They got rid of the traditional defined benefit pension plan last year. Now it's a shitty defined contribution plan. Starts at like 2.75% of salary per year and earns a set 4% interest.

Better than just a 401K at least. EY still the only ones with any form of a defined benefit plan?

Partners have a separate plan.

Partners do have a separate "supplemental plan" but it still took the same structural hit as the general plan. Source - good friend and very bitter new partner

Related Posts

Guys, what platform do you use to trade US stock?

like

That Carlos Matos Bitconnect video still makes me laugh.. hope everyone stayed away from anything that tried to combine crypto and lending.

Are y’all waiting to do a mega backdoor Roth to see what they do about build back better this year or just moving forward with it?

like

What benefits in terms of tuition reimbursement does Citi provide. Does Citi provide reimbursement for FRM and CFA certifications.

Also does Citi allow leave to be carry forwarded or leave encashment ?

like

What are the benefits of being licensed in multiple states? Do you use all of your different law licenses at least once a month?

like

I'm a first time home buyer and got pre qualified back in Jan. Hard pull on credit docked me a few points. I wasn't able to close and now considering another hard pull for a different mortgage company offering better rates.
I'm new to this and this may be a stupid q but I'm looking for input from the bowl on whether to do this hard pull and get pre-qualified with a few more mortgage companies. Any advice is appreciated. Thank you

like

In BNP Paribas CIB what all benefits we hav as employee

As healthcare worker trying to conceive how safe it. Is to take covid 19 vaccine ? Any suggestion will be helpful.. I am so confused

like

Any recommended resources for a mid-level lit associate looking to develop some skills in health care transactional work? I'm primarily a med-mal attorney and several clients have small opportunities on the MA side that I'd like to be able to assist with. The firm does not currently have a specific transactional healthcare practice group so I'd need to go out of the firm for mentorship in this area. For now, I'm just looking for good basic foundational resources.

Appreciate it!

To those who have taken out a mortgage… any experience with new american fund or ally bank?

like

Can someone suggest companies that hire for secondary research ? Also can someone help with referral for a suitable opportunity in some consulting firm. I hav a experience of 6+ years in secondary research , report writing and knowledge management ( Healthcare )

like

I made a mistake starting SIP in a ULIP. Used to invest 7500 per month starting from November 2018. I have discontinued my premium payments since last year. That is when my fund was moved to an interim surrender state and now it earns 4% per annum interest.

After 5 years of lock-in that is November 2023, can i withdraw the entire amount at a time? (Of course after paying surrender charges)

like

Please explain if we get internet reimbursement outside the CTC?? Not the tax exemption part . I have heard we get 1200 per month for internet . Is it true ?

like

I have a townhome I want to rent out and wanted to see if there would be any interest here for a furnished townhouse (just main things like bedframes, sofa, dining table, bar stools etc). Most property managers are saying people wouldn't go for furnished, but I think it might be helpful for someone who doesn't want to move stuff or buy stuff. Wanted to get opinions from this bowl as the property is in Denver - thoughts? It's a 3 bed, 2.5 bath in a nice neighborhood.

like

Booyahh, landed hedge fund number 2 for IPOs.

like

Hi guys; looking to expand my portfolio and invest more heavily into crypto. Any tips/suggestions would be much appreciated. Thank you!

like

So what stonks are we buying?

like

Good morning! What auto insurance do you recommend at Bay Area? Just moved here and my State Farm premium almost doubled. Thanks!

like

What’s the hardest problem facing provider side healthcare?

like

Hi All,
One of my friends has recently joined capgemini and has following doubts related to tax proof.
Can we edit the tax declarations in HGS portal every month any day?
Does Capgemini asks for rent agreement along with rent receipts as a part of tax proof submission?
Also which proofs needed for,
80c - elss lic
80d - insurance for senior citizen parents
80ccd1b - nps

More Posts

Any suggestion on relatively cheap neighbourhood for a mid 20s couple in london? - - Preferably less than 30 mins commute to Green Park/ bloomsbury/ holborn area.
- Would prefer not to have to worry about being stabbed on the street.
- balcony or a garden would be nice
- dont care about schools etc, wont have kids for a while

Would 15k per month be a bit too low to live somewhere that ticks the above conditions?

likefunny

Any chance SG rental prices will be coming down soon ? I'm returning to SG after 3 years abroad and debating staying at figment or hmlet for a few months before locking down a 2 year lease.

like

To those who divorced or called off the engagement, did you take the ring back? And if so, what did you do with it?

like

Is job security provided by Credit Suisse after suffering so much losses this quarter?

Credit Suisse

like

What makes more money IT Audit or IT GRC?

like

ZS hiring for multiple roles... DM in case of any referrals!

like

High quality but not brand flashy jewelry pieces? Budget up to $3k

like

Hi Fishes,

how to create corporate NPS account in CTS registered with ICICI bank since Cognizant is not showing as registered in corporate name list ?

31 F based in Chicago. Does anyone want to talk?

like

Anyone using surgent as their study material?

like

I recently receive offer letter from TCS.I have gaps so affidavit is required.But i submitted BGC documents without affidavit. is it an issue in BGC process?

like

Did anyone not meet their billable hours requirement during their first year of employment? If so, how did your firm react? 😬

like
like

Does anyone have good resources in finding a quality adhd coach? I’ve found tons of therapists who say they understand it, but few do. Is there a directory of good ones anywhere for adults working in a corporate setting?

like

Someone please help me with ServiceNow csa dumps

like

How are experienced hires vs recent grads treated at top consulting firms? I understand that each branch of each firm will be different from the other and it depends on the leadership. But have there been any uniform truths that people have noticed?

like

Sterile processing technician

Coin of the Week 1: Monetha (MTH)

ADA roadmap update tomorrow!

like

Trying to gauge community knowledge.

Heart- what is the merge?
Hand- Ive heard of the merge is but don’t know timeline or what it really means
Lightbulb- I know exactly what the merge is, expected timeline, etc
Laugh face- I think the merge will reduce gas fees
Star- I like stars/don’t wanna do your poll

smartlike

Additional Posts in Accounting

What nuggets of wisdom do you fishes have for someone who is thinking of getting a CPA/CFA or CFP deep into my career (have a different qualification). What is the most straightforward way (self-financed, since I have another qualification)? These would compliment my work as an actuary.

like

What's the budget range for partner(as a percentage to associate hours)for a tax provision engagement, in general?

like

Does your firm form leadership group trainings? We usually do every summer but we are starting one these last 2 months. We usually read books or watch something and then discuss. If you do them, do you think they are effective?

like

I love making fun of KPMG, but I'm going strong with my EY memes while I can.

Post Photo
likefunnyuplifting

Anyone interview at Apple before? What’s the interview process like?

like

Does anyone have any good books or podcasts about how to develop leadership/ managing skills?

like

sometimes I feel like the reward of being productive is more work lol

likefunny

Anyone know what percentage of raise to expect from SC to M at Deloitte? Wondering if it’s worth getting hopes up?

like
likehelpful

Not working this weekend... Fuck yeah

like

Anyone that has taken the audit portion of the CPA exam: did you encounter any simulations requiring you review a document and either keep, delete, or change a comment left in a memo? Awful

like

Does all D tax not give raises from staff 1 to 2?

like

Tax senior with CPA at small firm. Best way to get to Big 4 audit? (LA or OC) Went to non-target so little to no alumni at B4. I don’t mind the switch to a lower title since audit was always my preference and was never a fan of tax (stayed local for family).

like

What is the M&A FDD group called in each of the big four? What should I search in the career portal?

like

Is the CPA designation worth it? For me it would take me 1 year of PREP courses and 2 years of PEP until i can write the CFE. And I am 27 years old right now. Also wondering if it would be crazy to pursue the CPA while learning how to code to be a developer as well?

like

Ever since Risk Assurance busy season ended, I feel like I’ve been kind of coasting. I’m still getting all my work done but my utilization is slipping. With CRTs coming up, how worried should I be?

like

Anyone have their CCIFP certification? If so, how difficult and time consuming is the process of getting certified?

like

Does anyone ever use their overtime meal to buy something else when at Walmart or Supertarget?

like

The partner in charge of my office had a nearly hour long conversation Tuesday with our new hire, behind closed doors. I didn’t hear yelling, but the bits I heard weren’t good. Will he be fired?

like

Anyone feel like their job gives them severe anxiety issues that you've never had before?

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