BigNick
Thinks s/he gets paid by the post
I'm about to join the class of 2012 and will be taking my pension in December at age 52. It is fully COLAed, and if I die, DW (who will be 55 by then) continues to get the same amount in full (a nice benefit of our company scheme).
I would like to express the value of this pension as if it were a fixed sum. So I was wondering if anyone has an idea of the cost per K$ of an annuity with those terms (M52, F55, full COLA, full survivor benefit). I've looked at a couple of sites, but the ones which claim to be able to calculate this require sign-up and the ones which don't, don't seem to have a calculation this "sophisticated".
I would like to express the value of this pension as if it were a fixed sum. So I was wondering if anyone has an idea of the cost per K$ of an annuity with those terms (M52, F55, full COLA, full survivor benefit). I've looked at a couple of sites, but the ones which claim to be able to calculate this require sign-up and the ones which don't, don't seem to have a calculation this "sophisticated".