Originally Posted by
kronan
A better evaluation of the decline in value is what is the worth of 260k 98$$ today,
and an Inflation Calculator would put that at 397.4k.
Or consider IRS Pension Limitations. Our Pension payout is 130k, and at one time there were Qualified\Non-Qualified Components.
Most Recent IRS Qualified Pension Payout was 220k (or the equivalent of 440k FAE)
https://www.irs.gov/newsroom/irs-ann...18500-for-2018
That is correct! I was shocked to read to see no increase in the last contract. In 1998 the $260,000 resulted in the IRS max qualified benefit. Time has seriously eroded that benefit. No doubt PC still has a big grin on his face.