I’m not sure what he means by the first - I’m guessing that’s planner-speak for the $675 a month figure? Which btw is in today’s dollars.
The present day value is that figure that I tried to ballpark estimate - something like the $66,000. However the formulas used to calculate that by the pension plans are often not as favorable to you - they might use a lower inflation assumption, definitely a lower life expectancy etc. You could try speaking to HR first to see if they can give you that information to you without having to go through ex.
