I'm still waiting on a 20+ year guy to explain why they would choose the pension at 169K over $3M+ lump sum (to add to what you already have in your 401K) in a retirement account plus 18% cash over cap until they retire...

The 30 year guy who loses the pension a month before retirement gets $4.5M. If they leave that uninvested within the 401k the break even to live is 26 years if they withdraw 169K per year.