First year partner comp?

I’ve just learned I made non equity partner at my V30 firm. At the initial information meeting for all of us, they told us the first year we’d be making the same exact salary as we were as senior associate plus a minor increase that more or less equals the amount of benefits we have to pay out of pocket for now. Additionally, we were informed of mandatory retirement contributions we have to make now. Is this standard at other firms? Kinda doesn’t feel like much of a promotion…

Author: Parking-Ad-567