Projected annual benefit under a career-average-earnings plan

Projects the annual benefit using a career-average-earnings formula.

Usage

PAB_cae(x, z, CASx, p, past_salary_total = 0, g = NULL, s = NULL)

Arguments

x

Scalar current or entry age.

z

Scalar retirement age.

CASx

Positive scalar current annual salary.

p

Nonnegative scalar accrual percentage.

past_salary_total

Nonnegative total of actual prior salaries.

g

Optional scalar annual salary growth rate greater than -1.

s

Optional positive salary-scale vector of length z - x.

Value

A numeric scalar.

Examples

PAB_cae(
  x = 30,
  z = 65,
  CASx = 100000,
  p = 1,
  g = 0.04
)
#> [1] 73652.22