I just retired last May, and it is great!!! The thing that bothers me is that I see more and more companies looking for ways to get out of Pensions. Even UPS has changed the formula for the "younger" crowd. I understand the economics of it, but feel that it is a huge loss. Our pensions represent an investment in the company. Whether you are union, hourly or management, you invested your life and career with the company. I don't think it is asking too much to get a return (pension) on that investment. The time and effort spent training and developing an employee should be worth the time, effort and money to keep them. There is little loyalty across the board to employees today and the because of that, same from employees to the company. Both sides lose. As a driver, I saw this firsthand, as management, I saw it from the company side. I still believe that the companies should look at all of us as assets not liabilities. Maybe not the real world, but something needs to be done. You are all extremely fortunate to have a pension opportunity. 401k's are nice, but they revolve around the market and your ability to chose the right investment. I know this is also the Pension planners problem, as well, from the company side. When contracts come due - stick to your guns on the pension!! The wait may seem a long way away, but I can say firsthand - the wait is definitely worth it! good luck!
