Replacement ratio for a defined benefit plan

Computes a DB replacement ratio as benefit divided by a chosen salary measure.

Usage

replacement_ratio_db(benefit, salary)

Arguments

benefit

Annual retirement benefit.

salary

Salary measure used in the denominator.

Value

Replacement ratio.

Examples

replacement_ratio_db(benefit = 108008.66, salary = 187119.09)
#> [1] 0.5772188