LSC> My stepfather recently retired, and my father very shortly will
LSC> retire from .edu. They both have pretty sweet defined-benifit
LSC> pensions, and the both have health insurance for themselves and their
LSC> dependents... for life.
LSC>
LSC> The latter? as far as I can tell? even if I did sell my company for a
LSC> million or two (and I don't think I could get nearly that much for my
LSC> company right now.) I still wouldn't be able to buy health insurance
LSC> for life.
This is a little political, but: If you can't afford that, there's some
chance they can't either. There are lots of stories of pension plans being
in danger of defaulting on their obligations, because they promised things
that they can't possibly deliver. :^(
(That said, the general message of carefully comparing total compensation,
when looking at changing jobs, is important and true.)
-Josh ([email protected])
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