Service cost refers to the present
value of the projected retirement benefits earned by plan participants in the current period.
Not exact matches
Particularly useful is a series
of work sheets that help readers calculate their net worth, the
value of various plans to increase their assets, and the cost
of their
projected lifestyles after
retirement.
Start small, learning how to calculate your monthly payment on a loan and then move to
projecting the future
value of your
retirement account contributions.
You are still very young so you have a lot
of time left for compounding to even exceed your
projected portfolio
values — you will have a «gilded»
retirement as they say.
12 % to 20 % RCMP employee Average age at
retirement: 54 Years
of service: 31 Years collecting a pension: 32 Estimated
value of pension at
retirement: $ 820,000 to $ 990,000 (based on a
projected real return
of 2.8 % to 4.3 % a year) Amount
of pension currently contributed by the employee: 31 % Pension benefit is equivalent to what percentage
of worker's salary?
Federal government worker Average age at
retirement: 58 Years
of service: 26 Years collecting a pension: 27 Estimated
value of pension at
retirement: $ 560,000 to $ 660,000 (based on a
projected real return
of 2.8 % to 4.3 % a year) Amount
of pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage
of worker's salary?
Ontario schoolteacher Average age at
retirement: 59 Years
of service: 26 Years collecting a pension: 30 Estimated
value of pension at
retirement: $ 650,000 to $ 840,000 (based on a
projected real return
of 2 % to 4 % a year) Amount
of pension currently contributed by the employee: 50 % Pension benefit is equivalent to what percentage
of worker's salary?
You plug in such information as your salary, annual savings, the
value of your
retirement accounts and how you have that money invested, your
projected Social Security benefit, when you plan to retire and how long you'll need your savings to last, and the calculator will tell you the probability that your resources will be able to deliver that level
of income for as long as you need it.
The calculator will weigh this data against your current savings, producing actualized results that depend on the amount
of years left before you retire (and how long you live), the rate
of return on your investments, your annual
retirement income in future dollars, your nest egg goal, a
projected value of your current savings, and the amount you should be saving each month.
When the housing bubble burst, however, the thousands
of construction
projects for condominiums and
retirement communities were halted or lost money, and home
values plummeted.