Pension and 401k are 2 separate things.401k??
How?Pension and 401k are 2 separate things.
I have never seen this on payandbenefits and still do not. All I see is monthly payment estimate and choices for how to receive it (haven't decided because I don't know what to do! lol)Target does a Cash Pay Credit every 3 months. March 30, June 30, Sept 30, and Dec 31 and they add a % of your pay that quarter to your pension. The % is based on your age and years of service. This is the first time I haven't received the credit in over 20 years just kind of odd. If you look at your pension account summary it'll show the break downs for the dates.
Still can't find this information.Ok I checked mine. I pulled the date range from October 1 to December 31st as well as today’s date and I didn’t get any cash pay credit. Only interest. For the other quarters, I received cash pay credit.
Offtopic. If I quit Target and not at my retirement age can I still get this pension when I am eligible to retire?
it’s in targetpayandbenefits.com and when you login you should see one for pension and 401k. i clicked on the pension and checked the account summary. my question is to you, did you start working for target before or on 2008? I think target stopped giving out pension plan around that time.Still can't find this information.
Did you get an answer from or call the benefit center?Just wondering if anyone else didn't receive their Cash Pay Credit that should have been added on Dec 31 2020. I know there are some people on here that are still enrolled in the pension plan.
No. This is not available on the pay and benefits site?Did you get an answer from or call the benefit center?
Yea you'll still have your pension plan if you quit target, but you can also roll it into a IRA if you'd rather try and beat the 4.64% they add to it.Ok I checked mine. I pulled the date range from October 1 to December 31st as well as today’s date and I didn’t get any cash pay credit. Only interest. For the other quarters, I received cash pay credit.
Offtopic. If I quit Target and not at my retirement age can I still get this pension when I am eligible to retire?
Is that different for dc workers? I started after 2009 but have a pension. It is different than the old timers but still there.I sent an email to HR through targetpayandbenefits with as much info I could on the pay credit but no response yet. Store HR doesn't have a clue about the pension plan so gonna have to figure it out with targetpayandbenefits.
To everyone who is asking about the pension you have to be employed with target before Jan. 1 2009 and average 1000 hours a year for the pay credits.
It is, non-exempt dc tms will participate as long as you meet the other requirements.Is that different for dc workers? I started after 2009 but have a pension. It is different than the old timers but still ther
DC cutoff was Jan 1, 2017. Anyone hired before that date got a pension while anyone hired afterwards was cut.Is that different for dc workers? I started after 2009 but have a pension. It is different than the old timers but still there.