Here (Switzerland) everyone uses: ( 65% of current income - state pension entitlement ) / 0.03
( 65% of current income - state pension entitlement ) / 0.03
Looks like 3% is the minimum annuity rate rather than "minimum return"
Is state pension not 233.3 x52 x2 if both get it so 24k approx?
It is the minimum return required from the pension fund managers on a yearly basis adjusted for acceptable capital losses.
What is an "acceptable" capital loss?!
Interesting, thanks. I assume that results in managers adopting broadly similar asset allocations - something like our consensus funds.
It is the minimum return required from the pension fund managers on a yearly basis adjusted for acceptable capital losses.
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