Guest steward Posted July 2, 2010 Posted July 2, 2010 My pension only gives credit for earnings up to $35,000, workers that earn more than $35000 earn no future pension benefits even though the employer contributes on those earnings above $35000. Is this legit?
Effen Posted July 2, 2010 Posted July 2, 2010 It could be "legit", but we probably need more information. Can you look in your SPD and tell us exactly what the formula is. Also, why do you think "the employer contributes on those earnings above $35000"? What kind of contributions does he make? How do you know he contributes on those earnings? Is this a defined benefit or a defined contribution plan? Is this a collectively bargained plan? Non-profit employer? Multiemployer plan? Hourly only plan? Salaried only plan? Can you give us a few more details? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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