Sentences with phrase «discounted value of their pension benefit»

For each respondent, I calculate the present discounted value of their pension benefit at a given age of separation from teaching based on the pension plan description in Costrell and Podgursky (particularly Table 2, which shows the replacement factor for each combination of years of service and age).

Not exact matches

For individuals who exit the work force prior to a given age of separation, their estimated pension benefit and cumulative earnings are simply the relevant values discounted to that point in time.

Government changes to the discount rate (a rate of interest used to value the Teachers» Pension Scheme) mean that even though the scheme benefits have been cut and employee contributions increased, employer contributions have risen from 14.1 per cent to 16.4 per cent.