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>>Getting ready to roll over my pension plan into an IRA. Checked the figures, though, and I think my lump-sum estimate is way off. They shorted me a month on my credited service, and I think they shorted me on my average monthly pay (based on last 3 yrs) several $100's.

Also, my ex-company is using the 1983 Group Annuity Mortality Table to determine how long I'll live. This is based on 1970's insurance companies' experience. Surely, there are more recent tables out there they should be using. This table shows that I (55 yr old female) should live another 30.28 yrs. But if it's based on 1970's mortalities, shouldn't that figure be even higher now? Or am I just wishful thinking - ha?

I have asked for complete detail about how they're doing the calculations, but just wonder how many folks don't even question the numbers. I'm an accountant - nuff said - and may be slightly anal retentive, but it does worry me.

ANyone else have a like experience or hints?<<

You are not alone in this feeling of being shortchanged. A 1993 audit by the PBGC found that almost 1 in 7 people are underpaid by their pension plan, and over half of those are underpaid over $1,000.

The mortality table should be right, but whether it has errors is another matter. Also, there are other issues which you have mentioned which can significantly affect your retirement benefit.

I have started a new board on called Pension Benefit Mistakes. Please visit me there and I will try to answer more of your questions.

If you want your benefits reviewed for accuracy, you can also visit my website at

Good luck to you.

MDGrabhorn, CFP

I would be happy to review your benefit calcs for accuracy.
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