I've considered looking for another job, but am at a place which still has a pension. It pays roughly 1.5% of your final salary times the number of years you worked there, payable at 65. It's also possible to get it at 55 at a reduced value.
Does anyone know of any methods to quantify the value of a pension? It would be useful when comparing other jobs without pensions, to see how much more annual income would be needed to match the pension value.
Does anyone know of any methods to quantify the value of a pension? It would be useful when comparing other jobs without pensions, to see how much more annual income would be needed to match the pension value.