How can I tell if my pension valuation is right?
Here’s how you can get a ballpark sense of whether the result you are getting from the defined-benefit pension calculator is correct. Let’s assume the following facts: No Cost of living adjustment (that is, no COLA), just to keep it relatively simple.A ballpark life expectancy for males is to age 83. (We are not looking […]
I am going to testify in court about the pension valuation.
Here are some things you might want to be comfortable about before taking the stand: 1. Interest rate. This is a user entry, although the software will suggest a current 20-year Treasury Bill rate as of the date the pension is first entered into the software. The link below shows 20 year treasury bill rates […]
For a pension evaluation, can I get a life expectancy table customized to my client?
We do not have any way of using a police or firefighter-specific life expectancy table. Nor for a smoker. Nor for a skydiver. Nor for someone who is black, white, of Japanese ancestry, etc. Nor for someone who has diabetes or heart disease. Nor for someone who is known to be in particularly good health, […]
How can I enter a military pension?
There is a certain amount of computation involved in determining the monthly benefit for a military pension. Click here for an overview of the military pension benefit. Once the benefit has been determined, though, the military pension may be just like any other defined benefit pension. Specifically, to the extent that the pension is a […]