What is the effective “cost”” of the 50% survivor annuity
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May 3, 2020What is the effective “cost”” of the 50% survivor annuity
Mr. Jones’ pension pays $3,000 a month under the single life annuity option or $2,550 a month under the joint and 50% survivor annuity option. Mr. and Mrs. Jones elect the joint and 50% survivor annuity. What is the effective “cost” of the 50% survivor annuity?
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$450 per month |
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$1,500 per month |
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$2,550 per month |
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$3,000 per month |
