I have a state pension that pays 80% of my last three years salary(actually five years service as I had not had a raise in 5 years) with a 3% cola. I had to work three long---long years extra and buy 2 years service from another system to reach 35 years service so that I could make that 80%. Actually I see more money than when I was working. Reduced taxes, no retirement deductions, no union dues, gas, clothes, lunches, etc.
We took the 100% survival rate. When I retired, it puzzled me that so many said they were not taking the 100% survival rate. It costs me about $300 a month but already in two years of retirement, I almost have that back and next year, I will have it all back. Actually, I had no choice in the matter as my husband would not agree to anything else. I was more than fine with that because he was self employed and his SS is not that much. He worked so hard and deserves to have a worry free retirement.,
Also have two other retirement accounts.
We took the 100% survival rate. When I retired, it puzzled me that so many said they were not taking the 100% survival rate. It costs me about $300 a month but already in two years of retirement, I almost have that back and next year, I will have it all back. Actually, I had no choice in the matter as my husband would not agree to anything else. I was more than fine with that because he was self employed and his SS is not that much. He worked so hard and deserves to have a worry free retirement.,
Also have two other retirement accounts.