For those employed in private sector jobs, pensions are almost as rare as buggy whips and dodo birds.
They're relics of a time gone by, like big steel Chevys and the Space Race.
Not so for government employees.
State workers, whether they've worked for 25 years or were hired last week, will have a pension waiting when retirement nears. That security doesn't come cheap.
West Virginia socked away about 12 percent of last year's general revenue budget on retirement plans for teachers and public employees alone.
Of the state's $4 billion budget, $430 million went to the teacher's retirement system and $59 million went to the public employees pension fund.
There are smaller retirement systems, too. The state paid $20 million toward its state police retirement funds last fiscal year, and put about $2.4 million into a retirement plan for judges.
Each plan is run slightly differently, with employees contributing different amounts to their respective retirement funds. The plans also have different rules for when employees become eligible for benefits.
Below is a look at four state pension plans for teachers, public employees, state troopers and judges.
Public Employees' Retirement System
Under the state's Public Employees' Retirement System, employees can retire with full benefits at age 55, as long as their age and years of service add up to 80.
Employees also can retire at 60 with as little as five years of service.
In this plan, active employees contribute 4.5 percent of their salary to the plan, which goes into the general fund, not an individual account.
The state also contributes an additional 14 percent of the employees' salaries to the retirement fund.
When it comes time to retire, employee's yearly benefits are determined using a simple formula: final average salary, multiplied by years of service, multiplied by 2 percent.
"Final average salary" is not necessarily determined by an employee's last paycheck. Rather, it is an average of the highest 36 months of salaries over the last 15 years.
"Typically the last 36 months of their career are the highest paid," said Jeffrey Fleck, executive director of the Consolidated Public Retirement Board.
That's not always the case, however.
"You may have somebody who, 10 years ago, had a higher salary then maybe went to the Legislature or left state government. So then you would use the (salary) from 10 years ago," he said.
Fleck said raises are rare in state government, so employees often angle for higher-paying jobs toward the end of their careers.
"You always hear about people looking for a "high three." That's the 36 month period," he said. "If they stay in that position for at least 36 months, that would be the salary they would use in their pension calculation."
Many have suggested this "high three" strategy was the driving force behind House Speaker Rick Thompson's decision to leave the Legislature and join Gov. Earl Ray Tomblin's cabinet as Secretary for Veterans Assistance.
Thompson will make $95,000 a year in his new position, while he made $62,600 in his last year as speaker.
Joe Hatfield, former executive director of the West Virginia Housing Development Fund, draws the largest pension of any Public Employees' Retirement Plan member, pulling down $136,119 per year.
The Daily Mail obtained retirement fund information, including employees' names, retirement systems, yearly and monthly benefits, through a Freedom of Information Act request to the state Consolidated Public Retirement Board.
Teachers' Retirement System
The Teachers' Retirement System is run slightly differently from the public employees' plan.
West Virginia teachers, principals, administrators and school service personnel can retire at any age, with full benefits, as long as they have 35 or more years of service.