It’s time to get rid of the expensive final salary pension - the folks that still have one cost disproportionately more than everyone else and offer poor value.
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It is called "defined benefit" and no one I know under 55 is part of it. Get your facts right.
For the Millennials among us, a final salary pensions is something everyone 40 and above is getting but you are not. Basically you get a cheque every month when you leave ConocoPhillips equal to (final salary x years of service / 60) - so if you are earning $350,000 (base and bonus, no stock grants or LTI) and have thirty years in the company you will get $14,500/mo for the rest of your life. So, for every year your colleagues in their fifties stay with ConocoPhillips they earn an extra $5,800/yr which is approximately $145,000 lump sum for a $350,000 job. Just want to let you Millennials know what your colleagues 40+ are earning and you will never earn.
Final salary pension is A boot in yur ars
What is the Final Salary pension?
You just made my case for me.
Op Yah, you bring so much value, f()ck head