The Value of a Pension
A pension plan is a defined benefit retirement account. It pays the Member or Participant a set amount of money (a defined benefit) for the duration of his or her life. In some instances a spouse or a former spouse is treated as survivor and receives a payments for the rest of his/her life if the Participant or Member dies first. Generally, the value of a life time annuity is huge. This is particularly true if the payments are high. In the case of many public pensions/annuiti