It's a good deal if you live till ninety and retire at 65. The one in my family is rolling along at her same payrate each month (adjusted COLA) as she had when she left, and since inflation has been under control, generally, it's like her pay was effectively doubled. Every month she gets a Direct Deposit for the amount she would have got if she were still working, 25 years of that and she only worked for 20.... UNIONS!