Annual pensions benefits should vest $2-3k/yr starting on DOS up to a maximum of of the PBGC insured limit of $67k. I don't want to give boomers a windfall while bearing all the risk that I'll lose said pension through contract changes, bankruptcy, illness, death, divorce, etc. Boomer on his 5th wife gets 100k and I at 23 years old on my second wife need to split it among another 3 plus take on 42 years of risk to get the same? No thanks. Also, I'll take all money in excess of the insured limit in my paycheck.