Do you have a pension?

[MissB]

43. Dh and I both have pensions

His is what we call a “beer” pension. It’ll buy enough to buy a few 6-packs of beer each month. (He also has a 401k; same employer for ~32 years and the first few years he vested into the pension before they switched to a 401k). He will get social security too.

I have a government pension, both defined benefit and defined contribution. The benefit is based on a formula of years of service, avg highest 3 years of salary and a multiplier. I also get the defined contribution, which is a small amount of $ in comparison to the defined benefit. I don’t control either of these plans. And I have a 457 plan plus will have social security. I’m too young to retire, but retirement should be just fine.