Dear partners/principals...
1) which big-4 do you believe has a better retirement model? the unfunded retirement benefits package that pays out after retirement?
2) is it worth switching from one big-4 to another big-4 and having to re-build everything so to speak, if both roles are relatively same but comp is 20% higher? and also possibly joining a bigger practice area...

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Generally I would ballpark PwC pension value at about a 20% annualized switching cost. Meaning if you’re at $1M annual comp with pension, it would be comparable $1.2M annual comp without pension. Assuming you bank the additional $200k for ten years with compounding interest, you’ve essentially created a nest egg of value that you can draw from to create your own 20-year annuity. Huge variations depending on individual of course.

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That’s $200k you’re not taking out of the accumulated nest egg that you have been building. The nest egg will continue to grow (hopefully).
You created that nest egg presumably to fund your retirement, while paying off debt and funding your kids’ college expenses along the way.
How much will you need with that off the table? There’s not that much to spend money on reasonably by the time you’re Big4 retirement age. You’re making a lot of money before that.

So any thoughts on which big-4 is better with their retirement model? I am guessing all big-4 are relatively same in their approach for retirement benefits

Why would you think that? You literally posted this thread by noting that the two bigger ones still have actual pensions while the two smaller don’t

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