Earlier quoted context omitted.
>> The norm for most people used to be to work for the same company most of their career (if not all of it) and retire from there with a pension Stats on that? That absolutely was not the norm. Again, most companies did not exist long enough for someone to work at one for their entire career. Median job tenure 40 years ago was around 4 years (BLS). A minority of private workers were covered by pensions at the highest…
> Work somewhere ten years and then decide you hate it? Either work there another 20 years or quit and lose your pension. That's not usually how it worked. > I have a pension from the 1990's. Worked there 7 years. I'll get around $150 a month when I retire As you yourself note. You didn't lose your pension by leaving after 7 years, you still get it. Sure it's minimal because you only worked there 7 years instead of 4…
Different plans had different limits. Mine was 7 years, I stayed just long enough to get it. If I had left a few months earlier, would have lost it. Pensions suck.