It's a defined-contribution plan, so the longer I'm working, the more money goes in, same with SS and the 401K. The one downfall is that around 2013 or so, the President of our company decided, as a cost-cutting measure, to cut in half the amount that they were putting into our pension plan, though they did increase the company match in the 401 to compensate.
The 401 is outside of the purview of our retirement system board, so they can basically hack that match at any time.
Anyway, the difference in pension between leaving next January versus 2 1/2 years later is just over $300 a month of retirement income. Of course, the SS benefit will be higher too, if it survives.
Has the symposium feed stalled again?
$300 a month difference in pension isn’t that much; the difference for me for going Jan 2020 vs Jan 2021 was something like $800 a month, so I went Jan 2021.
How much a difference is it for your social security?
Mine was something like $200 to $400 a month.
But if you take soc sec earlier, you get the money up front; there’s charts showing the breakeven points.