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Reply to "What's so great about a pension?"
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[quote=Anonymous]Pensions aren't contributed to like a 401k...DH has a pension that is based on the avg past 3 years salary multiplied by the number of years served by 2%...so if he is in 20 years he gets 40% of the last 3 salary. HE contributed not a dime to that. He also has a traditional 401k that is matched 4%. So at retirement, if his last 3 years avg $200,000 he gets a monthly payout of $6,666.67, PLUS social security PLUS whatever we draw from 401ks.[/quote]
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