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Author: Jacketfan Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Traditional pension rant (long) Date: 11/13/2003 10:53 AM
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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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