I would have thought that this would have been an insufficent amount in the pension fund to give such a yearly pension.
No, I would agree with him - in fact I get the exact same figure when I do the calculation!
Can you confirm how you came to the same conclusion?
Jim,
But this is an Irish site. Quoting supposed "mainland Europe" annuity rates does not help. Why "assume" 6% when one can get an exact figure so easily.
I can only hope that Stephen Donnelly's other economic figures and projections are a little more accurate rather than picking some numbers out of the mainland Europe air.
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