Optimization of the Actuarial Model of Defined Contribution Pension Plan

Table 6

Replacement ratio for modified defined contribution pension plan.

ID	Gender	Present; age	Entry; age	Present salary; per month	Replacement; ratio
1	F	54	46	29,190.00	5.72%
2	M	47	45	39,591.00	9.16%
3	M	46	32	65,100.00	19.40%
4	M	44	32	29,190.00	20.43%
5	F	42	34	26,625.00	11.43%
6	F	46	38	23,000.00	8.56%
7	M	40	31	39,591.00	19.86%
8	F	36	26	15,954.00	17.32%
9	M	40	28	27,800.00	22.95%
10	F	50	36	5,023.00	11.08%
11	M	44	37	27,957.00	15.52%
12	F	50	32	4,556.00	14.74%
13	F	37	30	27,957.00	14.38%
14	M	49	39	26,625.00	14.04%
15	F	47	30	16,751.00	15.30%
Average					14.66%

Resource: model calculation results.