Author Topic: Does anyone work for Farmer's Insurance and can explain the pension plan to me?  (Read 635 times)

MVal

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My dear friend has worked for Farmer's Insurance in one of their corporate offices for 15 years and in addition to a 401K, he also has a pension plan, which sort of got phased out a few years ago, but still exists in a modified form for him. He is not very good at understanding how it all works and since I don't work there, I can't find out much for him, so I am hoping someone here might know something about it. I'm trying to help him figure out what he'll get in retirement.

Interest Compound

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There's no way for us to know the exact deal he got. He'd have better luck asking HR honestly, but if he wants our feedback, post the pension documentation here and we'll try our best to interpret it :)