Originally Posted by
Pilotguy21
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.
Because, as it has been pointed out, the most you can get from the pension is the amount of the benefit accrued. Your $150,000 for each year is just a made up, pie in the sky number that you even say you have no idea how to make it work and that is up to someone else to figure out.
We get it, you want to get rid of the pension. Thanks for attempting to undermine the NC in public while they try to negotiate a contract that we deserve. Nice selfish motives, or an attempt to divide?