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Lots of folks make similar compensation but it is just divided differently. One guy works for 40 years for a bit less salary but gets a defined benefit plan. Another makes more now but has a very limited or no retirement plan. If we could have invested that small extra amount for 49 years...we would do even better that the guy with the defined benefits. Too bad most never do. It makes a good argument to take the option that forces you to make less now in favor of more later. The military is much the same. When they institute their new retirement program that cuts the retirement pay 20%, but gives some better opportunities for investing....lots of guys will come up short 30 years later.
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