Computes the projected annual benefit for a CAE plan using Equation (18.9).
Usage
PAB_cae(x, z, CASx, p, past_salary_total = 0, g = NULL, s = NULL)
Arguments
- x
Current or entry age.
- z
Retirement age.
- CASx
Current annual salary at age x.
- p
Accrual percentage, e.g. 1 for 1 percent.
- past_salary_total
Optional total of actual past salaries.
- g
Optional constant annual salary growth rate.
- s
Optional salary scale vector of length z - x.
Value
Projected annual benefit.
Examples
PAB_cae(x = 30, z = 65, CASx = 100000, p = 1, g = 0.04)
#> [1] 73652.22