Pension

[Backroom88]

I have been with target for almost 13 years, do I qualify for pension? I know they did away with it a while ago just wanted to know if I’m in or not. Sorry if it has been asked!

 

[FlowTeamChick]

As far as I know, Target doesn't offer a pension plan. You can contribute to a 401(k) though and the company matches a certain percentage.

 

[redeye58]

Depending on when you started you may have been grandfathered in.
Might log into targetpayandbenefits.com & see if it's there & how much has accrued.

 

[gsa4lyfe]

Pension Plan


Team members meeting minimum service and hours requirements who were hired prior to 2009 at stores or headquarters or hourly team members working in a distribution center location hired prior to January 1, 2017 are generally eligible to participate in Target’s Pension plan.

Payment options differ depending on whether you participate in the Traditional and/or Personal Pension Account plan, and may include a single lump sum or lifetime income stream. You are not required to begin any payment from the plan until the year in which you reach age 73*(unless your total plan benefit is $5,000 or less).


If you have earned a pension benefit, information will be mailed to your home address approximately 30 days after your retirement date. If you have earned a Supplemental Pension Plan benefit, an estimate of this benefit will also be included with your pension information.

For more information, please contact the Target Benefits Center at 800-828-5850, or use the link below.

 

[boobooduck]

Also, if you go to Targetpayandbenefits.com, you can see vested percent ages, projected pay out, etc.

 

[Ashfromoldsite]

I have been with target for almost 13 years, do I qualify for pension? I know they did away with it a while ago just wanted to know if I’m in or not. Sorry if it has been asked!

If you know they did away with it, why are you asking??

There is no pension.

 

[happygoth]

If you know they did away with it, why are you asking??

There is no pension.

Because they weren't sure if they were grandfathered in based on when they were hired.

 

[Zxy123456]

14 years with Target and I’ve never heard of a pension plan with Target. Chances are slim that you have one.

 

[Puckpsyd]

I've been with 21 years. I have a pension benefit. I guess I didn't actually realize that it went away for more recently hired employees. That is really unfortunate. The 401k itself isn't enough unless you're putting A LOT of your paycheck in.

 

[MrT]

14 years with Target and I’ve never heard of a pension plan with Target. Chances are slim that you have one.

I'm at 15 years and I missed it by a couple months. I remember learning about it when I got hired and was like oh damn but that won't matter I won't be here long enough for it to matter, and yet here I am. I am not exactly sure what the benefits are but I really don't plan on being with spot much longer anyways.

 

[Ringwraith917]

I have it. I'll make 20 years soon. But I don't know if I can do another 25-30 years before retirement 😫. It's so long, and I'm tired now