Good point, plans can be structured differently with varying milestones which it's why it's important people understand their pensions.
I took issue with the phrase "walked away from a pension" which I read to mean losing vested accruals (and by that I include company contributions, not just employee contributions if applicable). That alm…
Good point, plans can be structured differently with varying milestones which it's why it's important people understand their pensions.
I took issue with the phrase "walked away from a pension" which I read to mean losing vested accruals (and by that I include company contributions, not just employee contributions if applicable). That almost certainly isn't the case. However you are exactly right that people may lose additional benefits if they don't reach a given milestone.
Good point, plans can be structured differently with varying milestones which it's why it's important people understand their pensions.
I took issue with the phrase "walked away from a pension" which I read to mean losing vested accruals (and by that I include company contributions, not just employee contributions if applicable). That almost certainly isn't the case. However you are exactly right that people may lose additional benefits if they don't reach a given milestone.