Research Article
Optimization of the Actuarial Model of Defined Contribution Pension Plan
Table 9
Results of sensitivity analysis (replacement ratio).
| | Tested parameter | Changes | Original defined contribution | Modified defined contribution | Hybrid 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% |
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Resource: model calculation results.
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