<prompt> Human: Hello, I did my best to find this answer in the subreddit but I still have questions. The situation is as follows. I make 45k year with a pension where I contribute 1437;, and at the end of retirement I get a pension that is 2.237;xyears of service up to a maximum of 7737; of highest 5 years of income. If I take a new job with no pension, just social security. How much of a pay increase would I need to balance out the loss of the pension?  <response>: Calculate your total benefit and what your salary will be with both the pension and social security and without to see comparable. Certain industries it will be near impossible. My uncle was a teacher at a pretty great district outside of NYC. Hes going to make 83k a year until he dies. Thats pretty damn hard to pass up. 