September 2010 Q5

Discussion in 'CT5' started by scr123, Sep 27, 2012.

  1. scr123

    scr123 Keen member

    Could someone please explain the solution.

    (12/80)*(z_45+t+0.5 / s_44)*25000 = value of past service benefit
    (r_45+t / l_45) = probability of retirement
    (rl_66+t / rl_45+t+0.5) = ? (What does this term represent?)
     
  2. Edwin

    Edwin Member

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