Filing for retire. from Megacorp and Megacity
Filing this week for both, as will be 55 early next year. The Megacity is a DB with cola , about 27 % of final base pay. Med. insur. subsidy covers all but $300 per mo. of ppo premium. No lump sum offer.
The Megacorp DB pension is minimal ( about $430 /mo.) no survivor benefit , 18 years service, but separated from co. a long time ago. If offered a lump sum, what would be a fair amount , considering the males in my family usually lived to mid 80's. That would be to cover an assumed 30 years of non cola mo. benefits ?
Any thoughts if a lump sum is offered by Megacorp ?
“The finance industry is 5% rational people and 95% shamans and faith healers.” - Charlie Munger