{"id":"GSX:POP-003:A03","local_id":"A03","name":"Continuous private saver","statement":"The private-pension path follows a continuously employed saver earning R30,000 a month at 25. Real wages grow by 1.5 percent, 15 percent is contributed, and the account earns a smooth 3 percent real return. The pension is designed to last through age 100.","value":"15","unit":"percent contributed","type":"model assumption","provenance":"Manuscript private-saver exercise","evidence_strength":"model assumption","sensitivity":"high","alternatives":["The mixed-occupation path, where not everyone remains employed after 60"],"href":"https://greyscienx.com/research/population-futures/does-raising-the-retirement-age-actually-work/assumptions/A03"}