[WalterBright]

Thank you. So that gives the cost of the retirement plan at 10.5% of salary. The link, unfortunately, does not give what the cost of the healthcare plan is (or other benefits).

Your link also says they can retire at 50 with 30 years of service. Sure, it's not the full pension, but they'll still be receiving the pension for another 30 years. Seems generous to me.

I don't know a private company with a plan like that. SS doesn't start paying out until 62 (also at a reduced amount).