How do I calculate the future value of my pension?
How do I calculate the future value of my pension?
Rein uses a simple rule of thumb when it comes to valuating a pension or a stream of cashflow, For every $100 per month of income, you have an asset worth $18,000. If you have a pension that pays you $3,000 per month, that pension is worth $540,000. If you get $800 per month from CPP, then that is worth $Jan 2020
How do I value my pension in a divorce?
In divorce or dissolution, pensions are valued using the ‘cash equivalent transfer value’. This is the amount you’d get if you moved your pension elsewhere. It might be less than the ‘fund value’ of your pension because it will include charges for transferring.
What is the Majauskas formula?
The Majauskas Formula: 50 percent \xd7 years of service credit accrued during the marriage \xf7 total service credit at time of retirement. For example, if the Participant accrued 15 years of service credit while married, and retires with 30 years total service credit, the ex-spouse’s share will be 25 percent of the pension.
What is the 10 10 Rule customer service?
When a customer is greeted by an employee that they come within a certain distance of, it is commonly referred to as the “10-Foot Rule”. That is, whenever an employee comes within 10 feet of a customer, the employee greets the person with a cheerful hello, or simply makes eye contact, smiles and nods his or her head.
What is the 5 10 rule of customer service?
Simply explained, the 10 and 5 Rule suggests that anytime a guest is within ten feet of a staff member, the staff member should make eye contact and warmly smile to acknowledge the oncoming guests.
What is the 5 15 rule?
The good news: there’s an easy rule that can help you remember to be just a little more active during the work day: the 5/15 Rule. Both parts to this equation are simple: the 5 means you should take 5 minutes to get up and move or walk around for every hour you spend sitting.
What is the 5 10 rule in hospitality?
The 10 and 5 rule is a simple guideline that is widely used in the hospitality industry. The rule dictates that when a staff member is 10 feet from a guest, the staff smiles and makes direct eye contact, and when they are within five feet, the staff verbally greets the guest.
