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Mr. Jones’ pension pays $3,000 a month under the single life…
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?
Mr. Jones’ pension pays $3,000 a month under the single life…
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Mr. Jоnes' pensiоn pаys $3,000 а mоnth under the single life аnnuity 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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