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Old 07-07-2005, 01:20 PM   #2819
ltl/fb
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Join Date: Mar 2003
Location: Flyover land
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Why oh why did my 401k die?

Quote:
Originally posted by robustpuppy
How does a pension cause that, rather than just salary? If someone can get away with doing the minimum because s/he's no longer concerned about promotions, etc., then why would a pension change that, assuming the person is not in a position to earn more money toward retirement by billing or selling a lot and earning big bonuses?
Companies don't like to terminate people who are one or two years away from being eligible for an unreduced early retirement benefit. It's also harder to get a job at 55, or 60, or whatever, so they don't want to leave.

OTOH, the dangling apple of unreduced early retirement benefit is keeping someone I really need* around here for a couple more years, even though her boss treats her like shit.

*who I guess could be characterized as middle management, but who works her fucking ass off.
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