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If I wait until 62 the amount would be $1738 per month per the companys calculations.

It will increase 4% per year until age 62 if I don't take it at 55. I donot have a cash out option.

The pension is not COLA adjusted, so will it still be paying $1324 the rest of my life.

I plan to take my pension in October when I turn 55. The 2 options I am considering are to take $1324 per month for life with 100% and Survivor benefits or take $2113 until 62 then it drops to $638 per month also with 100% Survivor benefits.I have another full time job so I plan to save this...