Vesting My Pension

Cha-ching! Today I hit 5 years of service with my employer and vest in my cash balance pension plan. My employer currently contributes 5% of my salary to the pension account plus monthly interest on the balance.

This pension is now worth at least $17,427.06 and will now be tracked in my net worth statements. Yeah ha! Thats a nice little bonus.

While nothing has really changed this certainly will make a significant impact on my net worth. I'll be wearing a smile all day, not so much because of the net worth bump, but recognizing that I have made it this far. I can remember a few years ago when I often wondered how I could make it to 5 yrs of service with my employer. Its scary how time flies.

I will probably soon start wondering if I will make it through another 5 years of service with my employer, but I will sleep better knowing I at least have a pension I can take with me ;-).