Social Security Level Income Option
One of my pension payment options is “Social Security Level Income”. This option is available to participants who retire before age 62. This option provides you with an approximately level monthly income before and after age 62, which is when your primary federal Social Security Benefits may begin on a reduced basis. It provides an increased monthly pension payable to you up to age 62 and a reduced monthly pension after age 62 when you begin to receive Social Security Benefits.
I wish the plan had options like this based on full retirement age, or age 70. I have no idea how prevalent this option is in the industry, but I’m raising the point in case there might be interest in adding such a pension option to ESPlanner. I do not see how to enter such an option in ESPlanner now.