Optimization of the Actuarial Model of Defined Contribution Pension Plan

Table 4

Symbol determination.

Employer contribution per month	EC
Annuity factor (life table)	AF
Years before retirement	𝑁
Replacement ratio	RR
Initial account amounts	IA
Accumulated account balance	AA
Retirement benefits per month	RB
Accumulated value of annuity	Sn
Salary per month	𝑆
Promised benefits	PB

Resource: model symbol determination.