Pension:
Yes; non-COLAed; DBP no longer offered to employees that hired on after 1/1/06. Pension was calculated based on years of service and salary.
DH retired at age 56 so there was some reduction for retiring prior to age 60.
The company also pays $800/mo. toward our health care premiums; we pay the rest. This benefit is not guaranteed.
Other sources of retirement income:
401k
IRA
Taxable accounts
EDIT: Forgot to add that we both will get SS (DH much more than I) and have not yet decided when we will take it. We're both 57.
Yes; non-COLAed; DBP no longer offered to employees that hired on after 1/1/06. Pension was calculated based on years of service and salary.
DH retired at age 56 so there was some reduction for retiring prior to age 60.
The company also pays $800/mo. toward our health care premiums; we pay the rest. This benefit is not guaranteed.
Other sources of retirement income:
401k
IRA
Taxable accounts
EDIT: Forgot to add that we both will get SS (DH much more than I) and have not yet decided when we will take it. We're both 57.