Does the Police Pension Fund determine a present value for a members future retirement benefits?
No. The Fund does not do present value calculations of members’ future benefits. The Fund can only give information about a member’s current benefit accruals and estimates of a member’s future benefit at retirement. The parties will need to consult with an actuary or other financial professional if they desire to have a present value calculated for a member’s future benefit. While the Fund can provide estimates of a particular member’s retirement benefit in specified circumstances, the Fund does not accept inquiries more than once in a twelve month period.
