How to properly identify a vested deferred defined benefit pension in FIRECalc?
Hi. I was wondering if you can give me your opinion as to how to properly identify a vested deferred defined benefit pension in FIRECalc.
I will have a small defined benefit pension. I won't be able to collect on it for about 20 years from now. I know the monthly amount that I will receive from it (the amount will not increase based on a COLA between now and the 20 years from now when I will be able to collect). The amount will have a cost of living adjustment, but the cost of living adjustment will not start on the pension until I am eligible (based on age) to start collecting from it. So, do I select the check box in FIRECalc that would identify this pension as having an inflation adjustment? I was not sure, because the COLA does not start until the pension starts.
Thank you for your advice.