[Porsche-O-Phile]

That sounds like about a $35k-$40k a year position to be honest (and I don't know the specifics, just going off of your description).

Pension liability is one of the "big slices of the pie" facing governments and quasi-government entities in the future - federal, state and local. As the Baby Boomers (who largely stand to be the recipients of these pensions) retire and age over the coming years, these pension liabilities are going to represent an increasingly heavy and crushing monkey on the back of the American economy.

My solution? Cap pension payouts at ten years. Sorry guys, it's that or nothing. There's not enough money.

Between ten free years of income (usually for 20, 25, or 30 years of service) and SS and whatever investing you've done on your own, it should hopefully be enough to retire on. But that's all you're getting - don't get greedy on me now.