Thanks in advance for anyone that can lend support here. Firstly, let me say that I'm quite familiar with DB pensions, CVs, and that only my pension provider can provide me a true estimate.

However, the unfortunate reality is many pension authorities try their best to obfuscate commuted value...I personally believe pension holders have the right to know their CVs on an annual basis, but a blend of not trusting people to make their own financial decisions (maybe a fair assumption) and industry self-interest and protectionism make it literally impossible for me to know my CV until I terminate my employment. Not sure how I can accurately plan for my future with that sort of condition, so I'm turning to reddit!

Here's what I know:

The current annual value of my pension, when I reach my 85 factor, is $45,000 per annum.

I will be 56 at that point in time, with an assumed life expectancy of 89 based on CIA mortality tables.

I'm 46 now, so 10 years away from my 85 factor.

My pension has a cost of living adjustment of 60% of CPI annually.

My plan, LAPP, recently switched from using the CIA's discount rate to, in their words "the new formula will calculate commuted value using the same assumptions used to calculate your and your employer’s contributions, fund the pension plan and calculate pension benefits."

From what I can see in LAPP's 2022 annual report, their discount rate was 5.9%.

I thought using a reverse annuity calculator would give me a decent ballpark, but I'm not sure how to adjust for the COLA in that situation.

If anyone can provide any formulas, estimates, or thoughts, it would be appreciated!