Originally Posted by joken2

Originally Posted by whelennut
Try finding a job that has a pension for your retirement without a union.
I lost a union job 30 years ago and could never find another one. Now I have retired on Social Security.
Try retiring on that.


Non government, non union jobs that offer defined pensions to new hires are getting more and more rare every year, offering instead a employer specific matching X% to employee's personal 401k contribution.

Many of the older, still existing defined pension and retired employee benefit programs (including gov't and union) are/were underfunded and often being challenged in courts, asking commitments be reduced substantially or released from some or all commitments, including even those of already retired.former employees.





We are offered a defined annuity as well as a one time payout ranging from $420K to $600K depending on years of service. I plan on retiring in four years and seriourly considering the one time payment. I believe I can invest and do more with the money myself and not have to worry about what you speak of in the way of future annuity payments.