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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][quote=Anonymous]I have a 6-figure federal Civil Service pension, fully indexed to inflation and guaranteed by Uncle Sam (which these days admittedly may not mean what it used to), which is a different ball of wax from a pension offered by private sector employers who can change or discontinue their plans at any time, whose future business longevity is unpredictable, etc. general, I'd prefer higher current compensation in the private sector which I can invest for my own retirement over lesser compensation and a promise of a future pension. The latter carries with it more risk than may be immediately obvious. [/quote] The best part of a federal pension is the COLA. Most people don’t understand how much inflation will erode their buying power over a 20- or 30-year retirement. [/quote]
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