exnavynuke
Thinks s/he gets paid by the post
It certainly does. There are calculators that give a present value over an annuity that grows by a set percentage every year. Can't find one offhand but it would make the pension worth a LOT more.
I put my age (40) in with a "life" annuity with 3% COLA adjustment for a $1750/month annuity. The price quotes that came back from immediateannuities.com ranged from $717k-914k to buy an annuity with those requirements. Without the 3% COLA the prices ranged from $418-501k.