I haven't used this in my ER math because its so far out, but I'd like some suggestions on how to utilize the pension in my ER calculations. I've viewed this as insignificant in the past, but as my years of service and income are growing, the numbers start to at least be four figures/mo.
Here is the example I'm playing with
ER 4 years from now.
Options: Start collecting pension 19 years after ER, ~ $1150/mo
Start collecting pension 29 years after ER, ~ $2300/mo
There's no COLA, also not much risk in the pension going away, industry is regulated to death. Would you present value the future payments back to today, or just view it as an added safety net?