Just for viewing purposes. You can store and calculate this formula only inside the application.

PFOLDAGEPENSION
 
Formula:

PFOLDAGEPENSION
Description: Benefits in old age and contribution
Syntax: RetirementSavings = CALL("SAVINGSPROCESS",SAVINGSWITHINT)
YEAR = CALCYEAR
OldAgePension = RND(RetirementSavings * TAB(CONVRATPEN) / 5,2) * 5
RetiredChildPension = RND(OldAgePension * TAB(PENRATCHIL) / 5,2) * 5
SavingsContribution = RND(CALL("SAVINGSPROCESS",AGC) * IS / 5,2) *5
Note:

Calculates the benefits of age bear interest on the existing retirement assets.
Category: Insurance / Pensionfunds
Creator: pkuser
Account: Free
Published: 20 July 2010
Tags: formula Old age benefits retirement assets

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