I have a pension from the SAG-AFTRA pension fund. I get payments for life. Yes the "cash equivalent" is well over two million but you're not allowed to tap into a pension pool. It's not like a 401k. And the best part of a pension is the money never runs out, unlike a 401k which can be exhausted if you live too long.

I also collect social security and I paid into social security starting with my first radio job when I was 16. That's 50 years of contributions.