So – until Jan 2000 – I had a defined benefit pension from a publicly traded company (not government.) From 2000-2009 I had a portable pension from a publicly traded company (not government). This is in addition to 401k programs.
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I understand and acknowledged that these kinds of plans were more common 10-15 years ago. What I haven’t seen you confirm is how generous they were.
The city of San Diego, I believe, awards 2.5% for each year and someone can retire at 55. So someone could start there at 25 and retire at 55 at 75% of their highest pay. Was your pension that good or close to it?
