Liberal Blogger Not A Big Fan of Early Retirement Pensions

Kevin Drum at the Washington Monthly says:

But retiring at age 55, with 25 years on the job, at half salary? I support unions and I support the notion that Americans work too much, but even so that strikes me as indefensible. After all, most people have working lives of 40-50 years, and it's hard to imagine that they have a lot of sympathy for a deal like that. I have to confess that I don't.

Could you get that deal working for a small business or GE? No.