Pensions

Related questions

• Under what conditions does retirement at 60 remain financially viable?
• How do ageing and lifetime finances constrain retirement at a fixed age?
• How can today's unemployment become tomorrow's pension pressure?
• What happens to old-age income when early working years are spent unemployed?

Relevant claims

• GSX:POP-001: In this funded-account model, a worker who starts at 25 on R30,000 a month, contributes 12 percent, and earns a 3 percent net real return exhausts a pension equal to 60 percent of final salary around age 70 if retirement begins at 60 and life lasts to 90.
• GSX:POP-002: In these scenarios, private wealth at 60 is R4.84 million for a stable formal career, R3.99 million after a five-year youth shock, R3.09 million if entry waits until 30, R0.91 million for a mostly informal career, and R0.15 million under persistent exclusion. The amounts are constant 2026 rand and are anchored to the same R30,000 monthly opportunity at age 25.

Major assumptions

• Age-60 funded path · high sensitivity · GSX:POP-001
• Common earning opportunity · high sensitivity · GSX:POP-002
• Formal saving and return · high sensitivity · GSX:POP-002
• Public pension lens · high sensitivity · GSX:POP-001
• Representative funded saver · high sensitivity · GSX:POP-001
• Work histories · high sensitivity · GSX:POP-002
• Payroll comparison line · moderate sensitivity · GSX:POP-001
• Simplified public top-up · moderate sensitivity · GSX:POP-002

Datasets

• When Retirement Becomes Impossible · GSX:POP-001
• Today’s Unemployment Is Tomorrow’s Pension Crisis · GSX:POP-002