Hi,
My spouse works at a non-profit doing work that is slow moving but high impact. This position comes with a vested pension plan (20 more years- retirement income will be 70% of highest salary) and the salary is okay for the bay area standards. However, it is less than a year and budget for his project just got funded. These pension jobs are rarely open. He was just approached by one of the top silicon valley companies where he will get to work with a team doing cutting edge work. However, there is question of the stability of this company. The salary is exactly same but the stock options are substantial for our standards. The stamp of having this company in the resume will make for a good future in the silicon valley. One additional positive for the company is that the commute will be almost nothing compared to the current job. My thought is that we could always come back to pension job later in life. Having tangible money now will be useful for kids education/buying home. But we are torn that if he leaves, he wont get to work on the project that he got the budget approved for at current job. Would you stay safe with the promise of a pension or do you take the risk and hope for the best?
Thanks.