Late last year, our company announced they were closing our facility in Arizona. Thankfully, we didn't get laid off, but we're in the process of relocating. Today, they announced they are freezing our pensions. DH just turned 52, so not quite old enough to retire, but not too much longer to go. We calculated that with the freeze, he'll be losing $2,000/mo in pension income. I'm losing $3,000/mo!!!! UGH.
So, we're spending all of this money to move and buy a new home, but now we have to compensate for the loss in income. The only good part of this is that his drop in income may not affect us that badly because it may reduce our tax burden a bit since I'll still be working. Also, I've been calculating my retirement savings using the pension amount I'm currently vested at, rather than the estimated amount. So, I'm still on target.
Oh, and I have to shave my head today
My hair is coming out by the fist full.