Determining Equivalent Administrative Charges for Defined Contribution Pension Plans under CEV Model

Table 1

For a charge on balance such that for different charge on flow and charge on balance, we give three charge on flow, and , the constant contribution rate is 10% of the affiliate’s salary.

Age (years)	Equivalent charge on balance (in % and yearly)
	f=1.47%	f=1.58%	f=1.69%
20	0.005304	0.005734	0.006170
21	0.005315	0.005746	0.006183
22	0.005326	0.005758	0.006196
23	0.005337	0.005771	0.006209
24	0.005349	0.005783	0.006222
25	0.005360	0.005795	0.006235
26	0.005372	0.005808	0.006249
27	0.005383	0.005820	0.006262
28	0.005395	0.005832	0.006275
29	0.005406	0.005845	0.006289
30	0.005418	0.005857	0.006302
31	0.005429	0.005870	0.006316
32	0.005441	0.005882	0.006329
33	0.005453	0.005895	0.006343
34	0.005464	0.005908	0.006356
35	0.005476	0.005920	0.006370
36	0.005488	0.005933	0.006384
37	0.005500	0.005946	0.006397
38	0.005511	0.005959	0.006411
39	0.005523	0.005971	0.006425
40	0.005535	0.005984	0.006439
41	0.005547	0.005997	0.006452
42	0.005559	0.006010	0.006466
43	0.005571	0.006023	0.006480
44	0.005583	0.006036	0.006494
45	0.005595	0.006049	0.006508
46	0.005607	0.006062	0.006522
47	0.005619	0.006075	0.006536
48	0.005632	0.006088	0.006551
49	0.005644	0.006101	0.006565
50	0.005656	0.006115	0.006579
51	0.005668	0.006128	0.006593
52	0.005681	0.006141	0.006607
53	0.005693	0.006155	0.006622
54	0.005705	0.006168	0.006636
55	0.005718	0.006181	0.006651
56	0.005730	0.006195	0.006665
57	0.005743	0.006208	0.006680
58	0.005755	0.006222	0.006694
59	0.005768	0.006235	0.006709
60	0.005780	0.006249	0.006723
61	0.005793	0.006263	0.006738
62	0.005806	0.006276	0.006753
63	0.005819	0.006290	0.006767
64	0.005831	0.006304	0.006782
65	NAN	NAN	NAN