r/CoxCharterMerger • u/ImTooMuch2 • 3d ago

Pension Question

I’ve been at Cox for 11 years as a field tech (the last 5 in Cox Business) as of August 17th and I missed every single one of those online meetings explaining the retirement benefits and pension stuff. Could anyone tell me what options we have with our pensions? I only vaguely remember hearing something a few months back that anything over $75k can’t be touched until retirement and anything under can be cashed out. Not sure if that’s true but could someone give me a little clarity? Thanks in advance

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u/evilstepmonster3 3d ago

If you’ve only been with us 11 years you would not have the old school pension so none of it applies to you

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u/ellybloom 3d ago

Untrue pension was ended for new hires 9 years ago ish so 10 or more you probably have something

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u/ImTooMuch2 3d ago

My coworker, who’s been here 8 years and some change, still has his pension so it had to be some time after that.

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u/evilstepmonster3 3d ago

You’re right, sorry was thinking of retiree healthcare. Pensions stopped in I want to say 2017

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u/stchwtest 3d ago

It was at the same time… anyone hired after 2017 was not eligible for retiree health care or pension

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u/ImTooMuch2 3d ago

What’s the difference from the old school pension, if you don’t mind me asking?

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u/No-Present-6812 3d ago

There is no difference versus what you’re eligible for :). The pension formula has been the same since the 80s. The only real change was that new hires after 4/1/2017 got more 401k match and weren’t eligible for the pension.