The Hundred-Year Life

C02

Of the four designs, the long career has the highest modelled lifetime earnings, R12.71 million in present value, against R8.99 million for the conventional life. The multi-stage and portfolio designs sit between them, at R11.18 million and R10.84 million.

GSX:POP-007:C02 · Modelled · Conditional · moderate sensitivity · Version 1.0

Depends on

A01Extended healthy adulthoodThe scenario asks what changes if people routinely live to 100 or 120 with a substantial extension of healthy adult life. Current South African life expectancy is far shorter. This is not a projection that the average person will soon live to 120.high sensitivity

A02Common starting pay and savingAll four lives begin with the same R30,000 monthly salary when work starts. Earnings grow by 1.2 percent a year above inflation. Pension contributions are 15 percent of pay and earn 4 percent a year above inflation. Values are constant 2026 rand.moderate sensitivity

Modelled results cited

R02Four life designs from age 20 to 120Present-value lifetime earnings are R8.99 million for the conventional life, R12.71 million for the long career, R11.18 million for the multi-stage life, and R10.84 million for the portfolio life. Net fiscal contribution runs from R0.80 million to R1.99 million.modelled

Registered supporting sources

The Hundred-Year Life · GSX:POP-007:PDF