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Updated 16 days ago on . Most recent reply

Help picking a pension plan
Hello! My name is Rebecca and I recently (as in today) started a job with my city as a forestry analyst. We have two different pension plans, one being a basic traditional one that I mainly understand where I have to stay there for at least 10 years to be eligible for it and then there is a second option they call a hybrid plan with different rules that functions differently I guess. I understand how a 401k and all of that works so I understand the 457b option that they are giving me, but I do not understand these pensions very well at all. How would I go about finding someone like an advisor that can sit down with the paperwork they gave me and explain the choices and help me pick the one that would be best for me. I'm not sure if I would stay there for the full 10 years but I don't know what the monetary difference would be between the hybrid and the original pension. If there is a massive difference maybe it would be worth it to stay? I'm just trying to understand the choices so I at least make an educated decision.