Replacement ratio for a defined benefit plan

Computes annual benefit divided by a selected salary measure. Scalar arguments are recycled to a common length.

Usage

replacement_ratio_db(benefit, salary)

Arguments

benefit

Nonnegative annual retirement benefit.

salary

Positive salary measure used in the denominator.

Value

A numeric vector.

Examples

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