Retirement and Pension Income

In some injury, job termination, and wrongful death lawsuits the allegations of lost retirement benefits are a large part of the economic damage claim. In these types of cases we assist attorneys by providing reports, critiques and testimony on issues related to:

- The calculation of the present value of defined benefit retirement pensions

- The valuation of 401k/403b plan contributions

- The projection of retirement losses in unique and complex plans

Knowledge

Defined Contribution Plan: A retirement plan that puts a certain amount into a pre-established fund each pay period.

The 401k retirement plan is a common type of defined contribution plan.

Defined Benefit Plan: A retirement plan that pays the worker a set amount per time period.

Defined benefit plans are also referred to as pension annuities.