What are Target's anual contributions to the pension plan? Am I allowed to make additional contributions to this plan? Also at what point do I become fully vested?
If you got in while they still had the pension plan, you were vested after 5 yrs I believe.
As to annual contributions, I defer to the expert.
Annie, are your ears on?
If you go to targetpayandbenefits.com, it will give your breakdown of your pension plan. Spot had stopped offering the plan about 3 years ago to tm's. But, it's better than nothing. You can withdraw against it too.
You are vested in 3 years, no, you can't contribute to it, and it's only a 2 % pension, which was discontinued for new hires Jan 2011. You can't borrow against the pension program, you can borrow off the 401k though.
What are Target's anual contributions to the pension plan? Am I allowed to make additional contributions to this plan? Also at what point do I become fully vested?