"D Peter Maus" wrote in message
...

Radio wasn't very big on pension or thrift plans, as a rule, but they do
exist. And after the mid 80's, for executives with a specified time in
service, profit sharing, thrift and pension plans became more common among
very large firms. And they exist with different plans for different levels
of service, or rank within the company.

I had both a 401k and a company pension plan when I exited the business,
in addition to my portfoli, and my own financial plan for retirement.

Generally, front line employees, like disk jockeys, and support staff
like banner hangers, don't last long enough to have much in the way of
vested interest in company assets and plans, so, for most, in radio, there
are no pensions.

Generally, any of the medium and larger companies today has a 401k with a
percentage match. Very few companies that were not unionied back before the
60's or so have pension plans; they are the product of unionism of the
post-war boom years and today's post-consolidation companies did not exist
then and acquired no such burden.

Everywhere I look, 401k participation begins as soon as 90 days after
starting employment, and they can roll over if a person changes employment.

Then, again, if you really do well in Radio, you don't need a company
pension...you've covered that on your own.

This is true, and covers the best talent, sellers and managers.

My own plan was far better than any company offerings in which I was
vested. I simply cashed out my company plans when I exited, because my own
plans were so much better.

Even better is to enjoy the tax benefits of deferred taxation vehicles and
to have taxable accounts which are additionally funded.