S
superbim
Member
Can someone please explain how the got that a 1% decrease in the net interest rate post- retirement results in:
a 14% increase in non pensioner liabilities
a 12% increase in pensioner liabilities.
I though that a 1% change in the discount rate would change the active liabilities by 1% for each year of expected future working life. The future life of actives is 25 years so I though it would change the liabilities for actives by 25%. Please let me know where I am going wrong.
a 14% increase in non pensioner liabilities
a 12% increase in pensioner liabilities.
I though that a 1% change in the discount rate would change the active liabilities by 1% for each year of expected future working life. The future life of actives is 25 years so I though it would change the liabilities for actives by 25%. Please let me know where I am going wrong.