Pension Analysis PENSION ANALYSIS Will my pension benefits deliver the income I need to retire?How do my pension benefits fit into my financial plan? If you work in the public sector, you may receive a pension benefit as part of your retirement income. If so, the question is: How do I factor pension benefits into my plan for retirement? There may be dozens of pension plan variables in your state, so how do you calculate the benefit? Survivor Benefit Options: Once you have calculated the pension benefit, you may want to see projections based on the plan’s survivor benefit options. You can learn about the options from plan documents, but calculating them is often harder. Other Plan Options: Many plans have additional features such as Partial Lump Sum Option Payments (PLOPs), cash balance options, defined contribution hybrid options and other features. Federal plans may include Federal Employees’ Group Life Insurance (FEGLI) and the Federal Long Term Care Insurance Program (FLTCIP). To generate an effective retirement plan, you will want to understand these options and be able to calculate the benefits. Our service starts with a better understanding Verity advisors can help you evaluate your pension benefits and explain how your specific defined benefit plan works. Whether you are a classified employee, teacher or administrator, it is important to understand your current pension and Social Security benefits at every age. Determining your future expected income benefits also allows you to calculate your “Retirement Income Gap.” Knowing the income ‘gap’ that may exist at your desired age of retirement will help you better prepare for retirement and implement strategies today to help meet your future income needs. GET A COMPLIMENTARY REVIEW