PRESENT VALUE CALCULATIONS:
· Present value calculations prepared for Defined Benefit Plans
· Valuation on the survivor benefit portion of a pension when a retired individual has elected a joint and survivor benefit option
· Military Valuations (High-3, Guard/Reserve Points Calculations and Hypothetical Retired Pay Calculations)
SOCIAL SECURITY OFFSET CALCULATIONS:
In domestic relations actions in Pennsylvania, it is recognized that a civil service employee may exclude from equitable distribution that portion of pension estimated to be received in lieu of Social Security (Cornbleth v. Cornbleth, 397 PA. Super.421, 580 A.2d 369 (1990)).
Contact us if you have a case where an employee is not paying into Social Security and you require a Hypothetical Social Security Offset for use in a Present Value calculation.