Pension Payout Is Declining Over Time
Why does my pension payout decline every year even though I entered it as a fixed amount?
If the growth rate of the pension is less than the inflation rate, then the inflation-adjusted (today’s dollars) value of the pension will decline over time. The program defaults to showing projections in today's dollars, so if the cash flow has a growth rate less than the inflation rate, the value in today's dollars will indeed decline each year.
