So, I have a job with a DB pension. It is my current intention to retire about 10 years before I am eligible to take that pension. My assumption is that although my pension is COLA adjusted, they won't adjust it for COLA in the interim period between my retirement and taking the pension - i.e. they will just calculate it based on best 3 years salary * years of service * percentage.
My question is, when I input that pension in Firecalc in the pension section, does it "inflate" that pension over the 10 years I'm not taking it, based on the CPI that it is applying to the spending? Or does it leave it as-is and only start inflating it once it is being taken?
My question is, when I input that pension in Firecalc in the pension section, does it "inflate" that pension over the 10 years I'm not taking it, based on the CPI that it is applying to the spending? Or does it leave it as-is and only start inflating it once it is being taken?