Pension election review
Lump sum, single-life, or joint & survivor?
New York pension packets give households a one-time decision with permanent consequences. This tool turns the three numbers in front of you — lump sum, single-life monthly, joint-and-survivor monthly — into present-value terms and shows the break-even visually. Five minutes, no account login. Results are illustrative and not a recommendation.
Pension election inputs
What the pension administrator is offering.
Enter the three numbers from your pension election packet: the lump-sum buyout, the single-life monthly payment, and the joint-and-survivor monthly payment. Camba will translate them into present-value terms so the comparison is honest.
Spousal context for joint & survivor.
New York pensions require a spouse to sign off on a single-life election. Many households waive joint coverage and replace it with a term life policy on the pensioner — the math on that swap depends on health, insurability, age, and whether the survivor has independent retirement income. Camba Capital models both paths in person.
Next step
A pension election is irreversible. The decision deserves a real conversation.
Dan Zimon sits with Long Island households at the kitchen table to walk through pension packets line by line — including spousal-consent requirements, term-life replacement strategies, and how the choice interacts with the rest of the retirement picture.