I've been in my union for 5 years. I am 30. I could quit my union now, and when I retire I would get $986 a month in pension until the day I die. I still have a good 25 years until I would retire. That would put my pension near 5 thousand a month. Until the day I die. If I retire at 60 (which I plan too) and live to 90 (common in my family) that is 1.8 million in payout. With that and my union annuity payed by my contractor ($2.50 hour), NEBF (national retirement fund) and my own Roth IRA, I fully plan on sitting pretty when I'm an old man and having NO money worries. We as electricians work too hard to have to worry about money when we are old. I've worked with a lot of former non-union electricians who have NOTHING saved for retirement, and if they do it is measly in comparison to the pension they could have got for their years of work.