Pension Death Gamble Calculator
Your Results
Retirement System:
NYSLRS - ERS
In-Service Death Benefit:
$225,000
(Gross amount based on salary)
Net Death Benefit:
$190,000
((Gross - $50,000) × 0.80 + $50,000)
Life Insurance Coverage:
$100,000
Total Net Benefit Amount:
$290,000
(Life Insurance + Net Death Benefit)
Pension Lifetime Value:
$480,000
(Based on adjusted age: 53, gender: Male, expectancy: 29 years)
Net Difference:
$190,000
(Pension Value - Total Net Benefit)
If Death Occurs Before Retirement
Your beneficiary would receive:
- Net Death Benefit: $190,000
- Life Insurance: $100,000
- Total: $290,000
If Death Occurs After Retirement
Your beneficiary would receive:
- Pension with 50% survivor option
- Estimated value: $480,000