Comment Re:Pension equivalent to a new hire (Score 1) 238
Well, it seems that I stand corrected. Just checked OPM's website. My benefits brochure in no way implies it is a yearly figure so I have just always assumed it was a lump sum. But OPM calls it an annuity implying it is a yearly figure. I take back my assessment. If you factor in the Soc Sec payments, and a decent 401K, that is pretty good, especially if the house is paid off and kids are through college. The only major expenses one has to look forward to then are medical bills.