FAQ: Why Is The Platform Inflating My Defined Benefit Pension Pre-Retirement?

The platform assumes that you are still contributing to your pension and that your employment income increases with cost of living (inflation) and hence your DB Pension will also increase with inflation prior to retirement as a result.

When entering your DB pension information, make sure this is being done in today's dollars, rather than using a future dollar projection if that is what your pension calculator provides.

If you have a deferred pension (one that you no longer contribute to) and your deferred pension will NOT be indexed to inflation pre-retirement then you would need to either discount the Today's Dollar value entered in Discovery > Tax & Benefits or go to Planning > Projections and open the Income columns using the ">" arrow and override the future deferred pension amount to the specific value you expect. Then cascade that down with no inflation adjustment to the end of the plan.