this post was submitted on 14 Nov 2024
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My workplace has a defined benefit pension and they announced that all employees will be losing this pension (even those who are a couple years from retirement).
We will be switched over to a defined contribution pension and our previous contributions will be converted retroactively.
I don’t foresee this new pension lasting more than 5 years before they cut it completely. I wouldn’t even be surprised if they’re able to keep our pension contributions retroactively, fucking everyone over.