Not exact matches
The results of such calculations, using standard economic
assumptions and actuarial survivor probabilities, are shown in Figure 1, where we plot the growth of pension wealth over the career cycle for a typical educator in Missouri
under three different promotion scenarios, in 2012
dollars.
Continuing
under the
assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million
dollar GIC at 5 %.
Restaurants Restaurants, like hotels, might authorize a higher
dollar amount than your actual bill
under the
assumption that you'll leave a tip, Feddis says.