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Personal Finance (Not Investing) • Valuing state pension

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I am considering a job with a state pension. At 55 this pension would be worth 37k/yr with 8 yrs of service and 46k with 10 yrs of service. There is discounted medical care available at retirement price of 700-800 per month. There is a 3% automatic compounded annual increase. The pension is state funded and unfortunately funded in the 40% range.

I would work at this employer for the next 3-5 yrs (or more). How much is this worth on top of my salary? I am trying to compare to my current job to the future job.

Statistics: Posted by am — Sun Jul 21, 2024 7:12 am — Replies 0 — Views 7



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