The DB Buyback Comparison page performs a quick cost analysis on purchasing back years of service from a retirement plan.
Each of the prompts are discussed below:
Years of service to buyback
Enter the years of service to purchase back.
Additional life expectancy years
This prompt allows for illustrating the effects of longer life expectancy.
Payment Method
Select the method of payment, and enter the value associated with the required payment.
Calculations
The calculations appear at the bottom of the calculation page on two different tabs: Calculation Overview and Detail Calculations.
Calculations Overview
The Calculation Overview values display compares the additional income from purchasing the additional years of service. The Less 5 Years and Add 5 Years columns provide additional calculations for different life expectancies.
Detail Calculations
The Detail Calculations tab provide a comparison of the income with and without the additional years of service.
