Value of a defined benefit plan

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It would take roughly 260k to replace it with an annuity according to online quotes I got. But the cash value prior to my "retirement" was just under 100k.

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Rates are so low right now it isn't at all surprising that the cost to replace it would be very high indeed.

If I were in your shoes I would definitely consider it as part of my net value and would value it at slightly under $260K. Whether someone else would value it the same way I have no idea. A lender might not include it at all, whereas your ex-wife's lawyer will value it at half a million, at least.

I work in the defined benefit world in the actuarial field. If I had plan specifics I could tell you the exact value.

What you told me is good enough information for me to give you an estimate. I misread your original post though. I did not realize you had already retired and are receiving the pension amount. Lucky guy to get that at 42 already.

It is most certainly part of your net worth in my opinion based on it is a guaranteed income for life. Good choice taking the J&S 50 as it is the most valuable option long term.

An interest rate on that annuity in the low 3's will give you that net worth of 260k or so. I would probably scale that back as they will come back at some point.