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Commuting Pension Formula
Comments
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Pension scheme is as follows.
Defined Benefit (“DB”)
Pension of 1/60th of final salary for each year of service
Risk lies with scheme sponsor
given we don't know your salary, you need to give us the FULL pension amt w/o any LS to calculate the commutation rate.
Or, you could just call them up and ask? Then get back to us.
We also need to know the scheme age, and if it will be actuarily reduced0
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