I am very pessimistic when considering things like this. Sure, you'll work there for over 5 years but it's quite likely that the institution ends the pension before you're vested and perhaps you get something, but I wouldn't count on much. This is not unusual. I've had only one job with a pension and shortly after I left for another job, at 8 years, they ended it with zero anything to employees. My MIL was at a large medical facility for decades and they converted their contribution pension to a 401k and provided a thief advisor. In laws relied on the advisor, invested in way too risky funds and 2008 came. They went to less than 50% and bailed. So I would personally only consider the DC plan. The DB is run by the state? That gives me no comfort as plenty of states have way too little actually put aside for pensions and I would not be surprised to see many of them fall apart.
Statistics: Posted by Jack FFR1846 — Sat Jun 22, 2024 7:21 am — Replies 48 — Views 3115