I'm not disagreeing with everything you said, BUT, most pension plans I have seen only pay about 1 to 2 percent of your (ending) salary per year of service, whi

I'm not disagreeing with everything you said, BUT, most pension plans I have seen only pay about 1 to 2 percent of your (ending) salary per year of service, which means something in the range of 20 to 40 percent of your ending salary when you retire, rather than 80 percent. I'd really like to know about this "4% per year of service" job, so I could apply :-) However, the part about "pay spiking" by taking on a more difficult or higher cost of living locaiton, but higher paying, job in the last 2 or 3 years, is very true. It would probably make more sense to average your entire career. It's a shame private companies don't offer pensions anymore, but I guess that was just a thing for my grandparent's generation.