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ManyBills,

I was simply trying to make you aware of all the implications if you were to leave.

1. Pension- Does the pension still grow at a decent rate? What type of pension is it?
Defined Benefits or Cash Balance. The difference - A defined Benefit plan ( Older Pensions) Give you a set amount for years of service and Salary. In General they tend to give higher payouts for longevity in the company. People working 30, 35, 40 + years getter bumps in pension amounts at certain milestones. A cash balance plan gives you a fixed amount which increases every year of service. Generally they are a bit smaller but they grow evenly as a percentage of salary each year.
In General Defined Benefit Plans increase more in later years.
If you have a Defined Benefit Plan you are probably giving up more pension growth than if you have a Cash Balance Plan. Read the plan Doc from HR.

2. Company Health- Is the company in good shape? Is it a larger or smaller company? Is it in a growth industry or a declining one?

3. Other Benefits- Medical, Insurance, 401K , etc. What do you loose if you leave?

4. Will they hire you back at same salary? Will you get a job elsewhere at same salary. If you get another job with a pension, will you work another 5 or 10 years to see some benefit from that?

Not trying to steer you one way or the other. Just want you to make an informed decision.
************************
I did this myself many years ago, but not by choice.

Had a defined benefit pension for 23 years. Company changed pension to cash balance. Everyone with 25+ years stayed on original plan. Everyone from 2 - 24 years got the newer cash balance plan. This benefited the company because they now knew what the pension amounts would be looking forward. New Hires and those not yet vested in the plan got No Pension.
When I had 32 years in they sold the division that I worked for. I retired at 32 years and started collecting my Cash Balance Pension. The older pension would have gotten me $800- $1000 more per month.

I went to work with the company that bought us. Worked there for 11 more years. I was making my same salary, Had Medical and Insurance with them. Had 401K. Put a lot into 401K for those years and lived on Pension.
After 43 years still have the pension and have decent balance in 401K so doing ok.

***************************

Best of Luck to you in your decision.
Mike
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