Interesting article:
Charleston Daily Mail - News - Teachers relieved at pension results*
DW (32) and I (39) have both pension through our jobs. We are both confident on our pension system. In the past 15 years, the average return on my pension is little over 9%, which is 1% above minimum investment return required, or 13% for the last 5 years. I contribute 5% towards my pension and another 10% towards my 457 deferred comp, while DW does not make any contributions. DW also contribute 10% pretax with 6% ER match to 403(b).
As far leaving my job, I don't think I could or DW could as well since we are both heavily vested on our Retirement System. We also enjoy our jobs especially DW at 100K yearly salary. I could see myself working another 16 to 25 years which will give me close to 100% of my salary upon retirement say in year 2033. But we don't know what will the stock market brings in that time. It such a long time to even think about. We certainly will not even think about whether social security will exist.