New TA/ Retirement question
 

So, if this TA passes - What avenue is best for someone with 25 plus years of service and only 6 years to go till 65? Plan B and C are out there, but can one make up roughly $25,000 per year for those six years of earnings,... realistically? Running the math, I am guessing red on the tables?

Have you not already vested for a 25 year max pension? I doubt any of the other options will enable you to top $170k/yr in the time you have remaining. This is coming from an outsider looking in (Brown), but if I were you I’d take the contract language to my financial advisor and get their opinion.

Very rough napkin math, 6 years of the extra 9% DC is roughly $270k averaging $500k salary. So the breakeven for the extra $25k yearly pension is about 11 years. As long as you live beyond 76, pension is slightly better. Again, not scientific, not counting extra taxes, ROR on extra DC, etc.

Depends on how long you live. Mcpb doesn’t start until 28, keep that in mind.

With just 6 years to go, your DC investment strategy is probably shifting away from pure equities to a bond mix, lowering potential returns...you'd also pay tax on your cash over cap in Option 3 and be return limited in the Option 2 MBCBP. If your lifespan is 15 years beyond retirement, you'd need at least $375k in principal + growth to provide $25k/yr for that duration....if 20 years, at least $500k.

In your shoes, based solely on what you describe, Option 1 would be my choice.

This free financial advice provided by a pilot on the internet, invest accordingly

https://fdx-retirement-calculator.onrender.com/

A flex pu this together. I cannot vouch for its accuracy its math seems right. Alpa is putting together one as we speak if you want to wait for the official model

Thank you to all that responded, it is appreciated - CHEERS!