PBGC uses the plan termination date when calculating
the present value of pension benefits owed to participants in a PBGC - trusteed single - employer plan.
This adjustment represents
the present value of the pension benefits you earned for the previous year in your RPP or DPSP.
As noted in topic 56, this adjustment is intended to represent
the present value of the pension benefits you earned for the previous year in your registered pension plan (RPP) or deferred profit sharing plan (DPSP).
Not exact matches
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).
The key is to calculate the full «
present value»
of all retirement
benefits -
pensions and healthcare.
A
pension system's «normal payment» refers to the amount
of money that has to be paid into a fully funded system each year to fund the
present value of additional
pension benefits earned by active employees in that year.
Yes, but this does not take into account their defined
benefit pension plan which will have a
present value of a couple million or more when they retire.
Those contributions, however, would give rise to a
pension benefit the
present value of which is $ 1.275 million, nearly 28 times the
value of the contributions themselves.
This requires that a
pension appraiser determine the
present value of the retirement
benefit.