Reply to Thread

Message

<blockquote data-quote="Aries" data-source="post: 3340701" data-attributes="member: 44328">That&#039;s only partially true.Unless ONEGAS changed it drastically after the separation, you can stay on retiree insurance, but it&#039;s not free... in fact, it doesn&#039;t cost a LOT less than regular commercial insurance, but does save you some money.&nbsp; And it&#039;s not identical to employees insurance, but it&#039;s close.&nbsp; That is ONEOK&#039;s policy, and at least as of the separation they were the same.It kind of depends on how long you work and how much you have in your 401k.&nbsp; If you retire at 60, and die at 61, you won&#039;t collect much pension, and your estate will get nothing from that point on.&nbsp; Whatever is in your 401k is yours, and belongs to your estate no matter when you expire.&nbsp; So that&#039;s PROBABLY better, unless you&#039;re comparing a small 401k to a very long retirement.But your 401k is not what replaced the pension.&nbsp; The profit sharing plan is what replaced the pension.&nbsp; Same deal though, depends on how much accumulates in your profit sharing plan compared to how long you live in retirement.If you plan to work several more years, I don&#039;t think you have anything to worry about.&nbsp; You haven&#039;t lost anything unless you sell it at this price.&nbsp; Don&#039;t do that.&nbsp; OGS will come back, it&#039;s just a question of when. You are BUYING stock right now, so while your balance doesn&#039;t make you FEEL very good, you are buying cheap stock. People are still going to need natural gas, so nothing short of full chapter 11 bankruptcy really hurts you.</blockquote>

[QUOTE="Aries, post: 3340701, member: 44328"] That's only partially true. Unless ONEGAS changed it drastically after the separation, you can stay on retiree insurance, but it's not free... in fact, it doesn't cost a LOT less than regular commercial insurance, but does save you some money. And it's not identical to employees insurance, but it's close. That is ONEOK's policy, and at least as of the separation they were the same. It kind of depends on how long you work and how much you have in your 401k. If you retire at 60, and die at 61, you won't collect much pension, and your estate will get nothing from that point on. Whatever is in your 401k is yours, and belongs to your estate no matter when you expire. So that's PROBABLY better, unless you're comparing a small 401k to a very long retirement. But your 401k is not what replaced the pension. The profit sharing plan is what replaced the pension. Same deal though, depends on how much accumulates in your profit sharing plan compared to how long you live in retirement. If you plan to work several more years, I don't think you have anything to worry about. You haven't lost anything unless you sell it at this price. Don't do that. OGS will come back, it's just a question of when. You are BUYING stock right now, so while your balance doesn't make you FEEL very good, you are buying cheap stock. People are still going to need natural gas, so nothing short of full chapter 11 bankruptcy really hurts you. [/QUOTE]

Verification