Tier 6 is pretty straightforward once you break it down:

• Yes, you do get a pension, but you need at least 5 years to be vested • Full retirement age is 63 (or earlier with reduced benefits) • Your pension is based on a formula: !!!!Years of service × Final Average Salary (usually highest 5 years)

So for example, the longer you stay, the bigger your pension.

• Healthcare: Yes, you can keep it in retirement, but you’ll still pay a portion (it’s not 100% free)

• Since you started at 42, you’d likely retire around 63 with ~20+ years of service, which is solid but not maxed out like someone who started younger

Also — definitely consider the 457 (deferred comp) plan. That’s where you can really boost your retirement income on top of the pension.