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JABoa wrote:
Here's one that's harder to calculate. What is the present value of a pension that has no death benefit, and which I, and only I, will collect but only if I survive to retirement age?

Here's my guess for the answer:

The sum, for each year from retirement to infinity, of (Probability you'll be alive) * (Net present value of pension amount in that year).

Of course, calculating an infinite sum can be difficult. But you only need to go up to an age where your probability of being alive is a very small value.

Bob H, aka Blues
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