In this article, we will deal with issues directly related to Transfer Value (TV). Be aware, the realities of a TV pertain to each specific pension plan and the legislation to which it pertains, and here my discussion will apply to the Federal Government Pension Plan, often identified as the PSSA. General principles will remain for other pension plans, but each one has its own specific attributes. Here are the important points to cover:
- What is a TV ?
- Time value of money
- Pension reform
- Rates today
- Receiving money from the TV
- The Yin and the Yang
- Point of no return