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Jane is considering leaving her job and pension at age 65 and has 34 years...

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Finance

Jane is considering leaving her job and pension at age 65 and has 34 years in the defined benefit pension plan which provides 2% per year of service based on the average best five years of income. Her best average five years earnings were $62,000. The pension plan assumes life expectancy is age 92 and the rate of return on 1.4%. What should the commuted value of her pension be if she wanted to transfer the funds into a LIRA?

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