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Reply to "How to calculate pension value?"
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[quote=Anonymous][quote=Anonymous]I would just try to keep it simple, so no escalation or inflation involved in the calculation. You are so far of from retirement that many things will change between them and now. I've known several people who were fired and never received a pension. And there is a 50% chance of a divorce, which would likely cut your pension in half. Just figure out your pension based on expected step/grade when you retire. So every 40k is basically worth 1 mil based on 4% rule. And maybe add 250k value for the Fed healthcare benefits? Any attempts to optimize the number much further don't really mean much IMHO. [/quote] OP here - thanks! I am not a Fed but a state employee but this is helpful.[/quote]
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