Table 9: Results of sensitivity analysis (replacement ratio).

Tested parameterChangesOriginal defined contributionModified defined contributionHybrid plan

Investment
return
(+1%)0.55%1.45%0.21%
(−1%)−0.50%−1.29%−0.19%

Salary
increase
(+1%)−0.50%−1.27%−1.89%
(−1%)0.55%1.46%2.12%

Resource: model calculation results.