I hear people argue the case for the 401k v Pension
all the time. Everyone seems to have their own opinion, my financial advisor seemed to strongly favor the pension. They are both pretty good retirements. I did the company calculator today and I would get a 2.3 million lump and $10,700 a month for the rest of my life. No where near what you the dude is getting with his compounded 401k though. Company probably wishes they kept it, it would help with their attrition problem.