Again, that is great news and it is good to hear your retirement will not be less and will even be better. There are still some good companies out there who take care of their employees.
I worked for a very large regional phone company for 30 years, 15 in an hourly union job and 15 in management. When I accepted the management job it was because of the benefits. I knew that the pay would be more, but without overtime pay it would actually work out to be less. The pension for management was much better, the 401k was much better and the insurance was much better and there were many other perks available to management that the hourly workers did not have. Management had the option to take a lump sum retirement and the union didn't. Over the next 15 they systematically took benefits away from management while they were not able to do it to the union employees due to contracts but kept nibbling at them as much as they could on each new contract. By the time I retired the union guys could take a lump sum and the ones that hired on with me were getting between 80-100k more than I did. The 401k match had dropped a lot and by then the union guys had the same as management. The insurance had degraded but was still pretty good but costing $500 a month while the union paid nothing per month. Since I retired my company was bought by another regional phone company who had just bought the original mother phone company and things only got worse. Management employees took a big hit but the union is still protected at least until the next contracts are negotiated. I basically don't have health insurance anymore unless I have something really major happen. The deductible is much more than I pay in a years worth of monthly premiums so most years I pay much more in premiums that I can get reimbursed for unless I have a catastrophic illness. I just got a mail that said when I get to 65 years old I can no longer be covered at all. In the past when you hit 65 you went on Medicare as primary and the company insurance was your secondary, now you can't do that.
OK, done with my rant. I need to get off before my BITD (beer induced typing disorder) gets worse.