Correlation: No pension == no loyalty? (Comments)

ABSOLUTELY!!

When I started at the credit uni… Whitney - Jul 2, 2007

ABSOLUTELY!!
When I started at the credit union, retirement benefits included 100% pension with 100% healthcare costs covered.

As soon as the first people retired (5 in one year, four years ago), they cut retirement for everyone, changing it to 50% pension from the average of your last 5 years of salary with no healthcare costs covered, including cutting the healthcare coverage for the 5 existing pension recipients. Granted most companies offer no pension (their excuse and main bragging point during transition) but it definitely negated any niggling loyalty I had to the CU. If a company’s not going to offer retirement benefits, in addition to treating you like crap while you’re there, why bother to stay?