It doesn't matter how much pension you recieve, it matters how long you do it!
Pension is like two six-month-holidays per year.
We do need to have a little bit more protection and sensibility around pensioners. They are remarkable. They gave so much. We need to make sure we do our best by them.
A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime.
Modern medicine is advancing to the point where the average human life span will be a hundred. But I read this article which said Social Security is supposed to run out by the year 2025, which means people are gonna have to stay in their jobs until they're 80. So I don't wanna commit to anything too soon.