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Reply to "Job with pension versus job without - how heavily should it weigh in your decision?"
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[quote=Anonymous]At OP's age, and if working for the state, the pension may not be a substantial benefit, as it takes so many years to see much benefit from a pension. Anecdote: My DH worked for the federal government from age 27 to 49. He then moved to the private sector. Upon retirement in the future, my understanding is that he'll get $30,000 per year for his pension. (His highest salary as a federal employee was $170,000 as a GS-15.) If DH dies before me, I get some portion of the pension until I die. Then there is nothing left. So if we live long lives, it may be worth it. But if we live short lives, it's not like we can pass it on to our kids. By contrast, a private sector pension can be pretty sweet. I know someone who's had a career in sales for Hormel Foods. He's a pretty senior leader there now. After 30 years (at age 52), he'll get his full salary as a pension. [/quote]
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