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URL:  http://boards.fool.com/actually-the-hit-isnt-so-bad-i-take-a-23-hit-19847675.aspx

Subject:  Re: Traditional pension rant (long) Date:  11/13/2003  10:53 AM
Author:  Jacketfan Number:  37794 of 75612

Actually, the hit isn't so bad. I take a 23 % hit on my pension to ensure that my surviving spouse who is 5 years younger than me gets the same pension amount.

That seems kind of high to me (not saying "high" compared with any other plan, just seems kind of expensive for insurance, which is what it is.)

This probably doesn't apply to you now, and I don't know how the raw numbers work out, but did you consider term insurance vs. the 23% hit back when you made the decision?

- Tom

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