How would you value a public pension PE opportunity?
I have an offer to work for an interesting public pension in PE. Obviously it pays much worse than private PE, but you get a pension, access to insane capital, and do some good for the world. How would you value this opportunity? How do you compare a defined benefit option like a pension with the traditional 401k + high income?
I ended up PVing assuming a death date and then found the same TC today to get that same benefit assuming 7% returns and 8% contribution to a 401k. It gets me higher for sure, but theres the opportunity cost with locked-up money, I have to retire at certain ages, and I still get a small bit taken out of my paycheck.
I know this type of job will NEVER match private, just curious as to how people would quantify that benefit, especially since stability and chiller hours are the main pros.
do they pay the pension with pubic hairs, or what you mean?
asking bc of the title
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