Pfizer's Pension is 28% UNDERfunded

Discussion in 'Pfizer' started by Anonymous, Oct 17, 2010 at 10:19 PM.

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  1. Anonymous

    Anonymous Guest

    Ya, who says you can't buy a Congressman? It sure looks better when you're allowed to use a 25 year average interest rate vs. a 2 year avg. The Govt. needs to stop quantitative easing and allow interest rates to rise based on market factors. Unfortunately, we're caugt in a catch 22. We need rates to increase before we can expect a decent return on a non equity investment vehicle, but when rates rise our borrowing costs will swap us.

    Oh well, I suppose our nation will continue to borrow, subsidize and eventually fail. Both parties know what's in the future, but will do nothing to stop it (the majority of each party). It's all about re-elections and rewarding the biggest doners.
     

  2. Anonymous

    Anonymous Guest

    Americans wouldn't have it any other way. Could we change????? No way!!!!!!!
     
  3. Anonymous

    Anonymous Guest

    The government already bailed this shit company out by giving them cash to buy Wyeth....a real pharmaceutical company. Obama screwed Wyeth and its great employees.
     
  4. anonymous

    anonymous Guest

     
  5. anonymous

    anonymous Guest

    Fewer and fewer people last long enough to retire with Pfizer, so to them it’s fully funded, based on their plans for the future.
     
  6. anonymous

    anonymous Guest

    Just got a pension email. If you leave Pfizer they will let you take it/them as a lump sum even if you are not 55 yet.

    Does anyone know if the retirement medical has changed and you don't have to work until you're 55, too?
     
  7. anonymous

    anonymous Guest

    The retiree medical is 15 years beyond the age of 40
     
  8. anonymous

    anonymous Guest

    I thought starting at 40 then you need 15 years thereafter, so 55 is the youngest you can be to vest?
     
  9. anonymous

    anonymous Guest

    55 is the youngest to qualify for the retiree medical benefits.
     
  10. anonymous

    anonymous Guest

    And if your lucky it will last to 65 when Medicare kicks in.
     
  11. anonymous

    anonymous Guest

    my pension with pfizer is at and will be at 0%, so I agree, the pension plan is way underfunded
     
  12. anonymous

    anonymous Guest

    It sucks now!
     
  13. anonymous

    anonymous Guest

    If you retire at 55 and elect to start the medical, it would likely last about 6 years or so.

    You can wait to start the medical whenever you like after 55 and gone from Pfizer.
     
  14. anonymous

    anonymous Guest

    And Einstein Ivy League grad, that is why you always take the lump sum with pensions.
    Pensions are a company asset, on their balance sheet, not an employee asset until you take lump sum roll over. Even annuity payments the principle stays as co assets.
    Just take lump same never annuity payments
     
  15. anonymous

    anonymous Guest

    Of Course it is. They only have to maintain the min support and hopefully they manage by attrition and life span.
    One reason they took those bikkions and used in R&D which has not produced much internally.

    Agree that always tale lump sum if it is an option.
     
  16. anonymous

    anonymous Guest

    Very very poor advice and not supported by facts. The choice depends on a number of factors, the least of which is how long you expect to live. Oh, and pensions are only a corporate asset when the plan’s assets exceed its projected benefit obligations l.e. When a plan is overfunded.
     
  17. anonymous

    anonymous Guest

    Not quite an answer to the Q, but I remember when we used to brag about outspending all but Merck in R&D, and came out with so, so many mega-hits. Then in the late 90s when we became a corpulent, reach & frequency mess with nincompoops all up and down East 42nd Street, we refused to pursue compounds unless they were"guaranteed" blockbusters. Why the change? 1) We needed the blockbusters-only strategy because we had to pay for the massive head count. 2) The nincompoops up and down East 42nd Street got exposed for not being good at their jobs, and were summarily fired.

    BTW, The dozens of billions we spent in the 90s to mid 2000s brought us what, exactly? (++keeping in mind that Oncology was purchased from Pharmacia in 2003)