I am a Professor of Communication at the University of Massachusetts-Amherst. I received my BA from Brown University and my PhD, in Linguistic Anthropology, from the University of California Los Angeles.
I have a defined benefit pension plan through my employer, the state of Massachusetts. I became curious about what the present value of my pension was, so I searched for a low-cost pension present value calculator but could not find one. I saw that accountants and financial planners were charging $175 to over $300 for pension present valuations and taking a week or more to provide the numbers. I decided to build an online calculator that could instantly provide a present value of a pension for a fraction of the cost charged by actuaries, accountants, or financial advisors.
Professor Benjamin Bailey, PhD