MDT retirement

Discussion in 'Medtronic' started by anonymous, Jun 24, 2020 at 3:27 PM.

Tags: Add Tags
  1. anonymous

    anonymous Guest

    Can anyone explain what’s going on with changes in MDT retirement plans?
     

  2. anonymous

    anonymous Guest

    The company stops giving you credit for years of service service which increases your pension as of that date in 2027. Your years of service will freeze as of thatdthat

    In place of that they will make a deposit for about 5% of your pay into your 401k.

    Basically your pension benefits becomes frozen on that day and will not get any bigger.