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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When you are early in your career, you don't realize the true value of pension. Govt rewards you those who stay and your paybacks come in much later in your career. Does that worth stick around 30 years? Only you know. I am 62 about to retire and my pension is (after survivor benefit) about $6200+ COLA adjusted. [/quote] Your contribution level was less than 1%. For those like OP contributing 4.4%, it’s nothing more than a forced savings plan, like others have said. Just invest that money yourself, and you’ll do just as well. The pension is not something to stay in government for. The 4.4% contribution level was actually meant to ensure that people would no longer be coming out ahead. [/quote] Fair pt [/quote]
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