The commuted value calculator compares these retirement planning options to help you determine which may be right for you. If you choose to transfer the commuted value of your pension to another plan, your benefits will depend on the terms of your new plan.
The commuted value of a defined benefit pension represents the lump sum value of all your future pension income today. This lump sum value represents the present value of the future monthly pension income you would otherwise receive for your lifetime upon retirement.
In addition to your defined benefit pension plan, you may be eligible for Canada Pension Plan benefits.
Deciding which strategy is right for you is complex. This calculator considers where you live, your commuted value amount, your age, rates of return and inflation among many other factors.