Originally Posted by JOHNNIE36
I had what at the time were considered the magic numbers, age plus length of service equals 85 points.
You never know. When I was hired into my first Megacorp job with a pension plan, they also had an "85 point" retirement plan using the same formula, where if you had the 85 points you received the full retirement benefit that wouldn't be reduced because of early retirement (though you had to be at least 55 in all cases).
In the space of less than two years in the 1996-98 time frame, they first eliminated 85 point retirement (for new hires and current employees under 50), then they eliminated retiree health insurance (again for new hires and current employees under 50), and finally froze the pension (yet again for new hires and current employees under 50).
At the time they froze pensions I had 11+ years of service so I was vested into a puny pension (something like $650 a month at age 65 in 2030) but as times get more dire I think they might have to pick more than low-hanging fruit in the future. Still, I doubt they'd come after current retirees; that seems like a third rail few want to touch.