Re: Frank Sunday Out At WCCM??

[Dave Faneuf <tklaundry@juno.com>]

It is also helpful if you are fortunate enough to land a job at an AFTRA
station, the union pension fund is doing very very well and does not take
all that long to become vested.

But as someone trying to get into broadcasting these days I would say: 

First,  re-access, don't do it.  

Second if you insist,  then make sure that you have your own pension plan
(IRA etc) don't rely on a comapny plan because it is doubtful you will
stay at a company that offers pension benefits long enough to get vested.

As for Frank, I know him personally but I don't know what if any pension
WLLH offered during his decades of service there and he certainly wasn't
at WCCM long enough to be vested in any kind of pension plan they may
have had outside of a 401K

df

On Wed, 29 Mar 2000 16:25:21 -0500 "Dan Strassberg"
<Dan.Strassberg@worldnet.att.net> writes:
> In the not-too-distant past, most radio stations, and certainly most
> small-market radio stations, were small businesses. Until (401k)s 
> debuted
> maybe 10 years ago, very few small businesses offered pension 
> benefits. So
> not many people who retired from small-market radio had any sort of 
> pension
> other than Social Security to fall back on. Larger companies, such 
> as Clear
> Channel and Infinity, probably offer penions. A few employees 
> probably
> actually work for one of those outfits long enough to become vested. 
> When
> one of those lucky few inevitably gets sent to the beach, he or she 
> can roll
> the company share of pension contributions into an IRA. (That's 
> assuming
> that another job comes along before it becomes necessary to tap into 
> the
> rollover to pay the rent.) Then, with a strong stock market and wise
> investments, the person can look forward to living above the poverty 
> level
> in retirement. A tidy inheritance or a trust fund can come in 
> _really_
> handy.
> 
> --
> 
> Dan Strassberg, dan.strassberg@worldnet.att.net
> Phone: 1-617-558-4205, eFax: 1-707-215-6367
> 
> -----Original Message-----
> From: Sptseditor@aol.com <Sptseditor@aol.com>
> To: tklaundry@juno.com <tklaundry@juno.com>; markwats@netway.com
> <markwats@netway.com>
> Cc: boston-radio-interest@bostonradio.org
> <boston-radio-interest@bostonradio.org>
> Date: Wednesday, March 29, 2000 4:07 PM
> Subject: Re: Frank Sunday Out At WCCM??
> 
> 
> >In a message dated 3/29/00 3:42:32 PM Eastern Standard Time,
> >tklaundry@juno.com writes:
> >
> ><< Frank left WCCM and is now doing sales at WNBP in Newburyport. 
> >>
> >
> >This makes me think of another subject, one which most on-air folks 
> may not
> >consider too much for some years but has to be important. With 
> someone like
> >Frank, who was at WLLH for 30 (?) years before going to WCCM and 
> now WNBP,
> >how does one secure his/her "pension" and golden-years future, 
> especially
> >when most small-market on-air personalities make peanuts? I know a 
> lot of
> >times, unfortunately, it means going off-the-air and heading into a 
> more
> >lucrative field (publicity or whatever it may be) to help secure 
> your
> future.
> >Does anyone care to comment, as this aspiring broadcaster likes to 
> look at
> >the big picture and doesn't want to end up broke in 20-30 years.
> >
> >-Sean
>