At United, we don't have a defined retirement plan anymore. That was taken away in bankruptcy. We do have 16% contributed into a fund annually that compounds over time. I pay over 40% income tax including city, state, federal taxes. Then there is property tax on my house and the usual taxes on merchandise. Atleast in Europe, you get a real pension when you retire if I'm not mistaken. All in all, I'm happy and can't complain. United is where I will retire so I'm not chasing any other job.