Many doctors are stuck in depressive and oppressive work environments for their pensions. They are sticking around for the promise of future money to have some dream retirement. I walked away from my own Kaiser pension at the age of 38 and discussed the value of that in that blog post. It might seem ridiculous […]
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Vesting and Pensions
Certain retirement benefits from employers require vesting. Pensions, cash balance plans, 401k matching, and money-purchase plans (401a), all will often have some vesting schedule attached to them. Vesting is like the marriage certificate – it comes with strings attached and it’s meant to keep you around even if you wanna GTFO. Taming physician mobility is […]
The Kaiser Northwest Permanente Medical Group’s Cash Balance Plan Summary At Kaiser Permanente Medical Group, an eligible physician will have 10% of their gross salary matched by their employer into a cash balance plan every year. This money will grow at 4% every year, regardless of how the economy performs. Upon retirement or leaving […]