[scarface74]

A pension is nothing special. It is just a lifetime annuity that you can buy yourself. Who wants to beholden to one company their entire career? I would much rather make more money and save it.

https://www.immediateannuities.com/

While social security of not a great “pension” for most people, if it continues to give the same inflation adjusted benefits today when we retire at the maximum benefit rate. It will give a married couple where one earned at the maximum contribution rate $4500/month. Since the couple with the lesser lifetime earnings can choose to get 1/2 of the higher earnings benefit while both are still living.

We could easily live off of that amount with a paid off house.

While I realize that’s not a realistic scenario for the average American, that’s very realistic for a tech worker living in any major city in the US.