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<blockquote data-quote="floridays" data-source="post: 4584232" data-attributes="member: 68849">Actually only the ones that were close to 25 years.The defined offered 2% for each year of an employees 5 highest earning years. Maximum 25 years&nbsp; &nbsp; MaximumThat was the max pension, hourly.Example@5 years&nbsp;&nbsp; averaged highest compensation 50,000, yields 25,000 a year under old planIf you take the same employee that spanned both plans, 25 under the defined, which was maxand lets just say they worked ten years or may still be working they have the max under the initial offering and at most 12 years under the portable.In my world they will get the max offered when they signed on and an additional 12 if they are still employed.What happened t the max pension as offered when they employed?I&#039;m sure the ones you know that enjoy it were either maxed out at conversion or close to being maxed out in the defined plan.Every one that signed on under the same plan does not realize the same outcome, depending on start date.I will draw you a picture if you do not understand what I just said.</blockquote>

[QUOTE="floridays, post: 4584232, member: 68849"] Actually only the ones that were close to 25 years. The defined offered 2% for each year of an employees 5 highest earning years. Maximum 25 years [B][SIZE=7]Maximum[/SIZE][/B] That was the max pension, hourly. Example @5 years averaged highest compensation 50,000, yields 25,000 a year under old plan If you take the same employee that spanned both plans, 25 under the defined, which was max and lets just say they worked ten years or may still be working they have the max under the initial offering and at most 12 years under the portable. In my world they will get the max offered when they signed on and an additional 12 if they are still employed. What happened t the max pension as offered when they employed? I'm sure the ones you know that enjoy it were either maxed out at conversion or close to being maxed out in the defined plan. Every one that signed on under the same plan does not realize the same outcome, depending on start date. I will draw you a picture if you do not understand what I just said. [/QUOTE]

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