To know your pension's present value involves formulas such as PV = 1 * P64 + (1P64)/(1.06) + (2P62)/(1.06)2 + … + (46P65)/(1.06)46 and PV={PV-on-Retirement-Date} x (16P50)/(1.06)15 which are not realistic to be understood by anyone but an actuary. The promise of a future lifetime payments can only be figured through these thousands of calculations, being careful to consider partial years of mortality discounting, delays of years and portions of years before COLA's affect the benefit. And considering the years of the marriage which may or may not overlap with the accrual of years of pension value, it is only accurately calculated with the computer
Url: valueyourpension.com
Main category: Finance
Sub category: Accounting
Tags: pension
Added: 05/04/2018