Working on insolvency worksheet and trying to determine if value of pension should be included if taxpayer is not yet receiving monthly pension. Taxpayer is 52 and can't begin receiving pension until 65 or until he becomes disabled. Taxpayer called Pension administrative office to see what his value in pension is and was told there is no way to determine as the pension is based on hours worked. When he retires he will receive $1100 per month. Is there a formula to determine the current value of the pension?
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