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Reply to "What's so great about a pension?"
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[quote=Anonymous]I have Tier 1 pension as a teacher in VA. Lucky that I was the last year to part of that plan before Tier 2 began. If I retire at 53 at the current highest teaching salary my monthly benefit with giving my husband 100% benefit if I die before him would be almost $4,000 a month. If I do the basic benefit without survivor option it would be $4,700 a month. We have other retirement accounts and don't believe this will cover all of our expenses but it is very nice. I plan on retiring at 53 from VA but I think I will still work for at least a few more years at which point I am receiving retirement while also getting another salary. [/quote]
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