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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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Pension - Lump Sum Buyout Offer
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<p>[QUOTE="anonymous, post: 6295431"]Agree. Also received the buyout letter. If you run some quick calculations based on living to 75, 80, 85... you see that the lump some is less than half of the expected lifespan.</p><p><br /></p><p>Articles online suggest these are financial decisions to reduce company’s pension liability. They aren’t doing it as a credo move or for the employee... standard for JNJ.</p><p><br /></p><p>Even with all the lawsuits, the pension is federally insured... so it is your safest option. </p><p><br /></p><p>Only if you are sure you can double your cash buyout money by the time you retire does this make sense on a pure numbers basis.[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6295431"]Agree. Also received the buyout letter. If you run some quick calculations based on living to 75, 80, 85... you see that the lump some is less than half of the expected lifespan. Articles online suggest these are financial decisions to reduce company’s pension liability. They aren’t doing it as a credo move or for the employee... standard for JNJ. Even with all the lawsuits, the pension is federally insured... so it is your safest option. Only if you are sure you can double your cash buyout money by the time you retire does this make sense on a pure numbers basis.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
Pension - Lump Sum Buyout Offer
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
Pension - Lump Sum Buyout Offer
>