Should I choose Income Leveling?  I am retiring early.  I am 53, single, and have 15 more years on my mortgage.  MY pension is $1486.  Income leveling will add $700, ($75,600 over 9 years), bringing my pension to $2186, until age 62.  Then my pension will reduce to $700.  I will begin getting Social Security of $1480 at this time.  I will receive $2180 until my death.

If I don't choose Income Leveling, I receive $1486, and then $1480 at 62, equaling $2966 until death.

What should I choose?