Computes the TUC accrued liability as the APV of the accrued benefit.
Usage
AAL_TUC_db(accrued_benefit, v_to_ret, p_surv, adue_ret)
Arguments
- accrued_benefit
Accrued benefit at the valuation date.
- v_to_ret
Discount factor to retirement.
- p_surv
Active-service survival probability to retirement.
- adue_ret
Retirement annuity factor.
Value
TUC accrued liability.
Examples
AAL_TUC_db(accrued_benefit = 12000, v_to_ret = 0.5, p_surv = 0.9, adue_ret = 12)
#> [1] 64800