Economic Hypotheses
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|
|
2017 |
|
2016 |
|
Annual actuarial discount interest rate (i) |
|
9.38% to 9.73% |
|
10.95% to 11.17% |
|
Annual actuarial discount real interest rate |
|
5.13% to 5.45% |
|
5.70% to 5.91% |
|
Projection of average wage increase |
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4.06% to 6.59% |
|
4.97% to 9.02% |
|
Projection of average benefit increase |
|
4.06% |
|
4.97% |
|
Real annual rate of evolution of medical costs |
|
0% to 3.25% |
|
0% to 4.43% |
|
Average annual inflation rate |
|
4.06% |
|
4.97% |
|
Expected return on plan assets (ii) |
|
9.38% to 9.73% |
|
10.95% to 11.17% |
Demographic Assumptions
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|
|
|
|
2016 |
|
Rate of turnover |
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0%; N/A; CORES - 2015; Attenuated by 20%; T1 Service Table SUAV 20% |
|
0%; GAMA - Exp. Turnover; T1 Service Table Suav, 20%; 80% T1 Service Table |
|
Table of active and inactive mortality |
|
AT-83 Basic FEMALE; AT-83 Basic FEMALE; AT- 2000 M&F SUAV 10%; AT-2000 BASIC M; AT- 2000 BASIC DES 5% and Segregated by Gender; AT- 2000 BASIC (D30%) M&F; AT-2000 (UNISEX) DES 10%; AT-2000 (Suav, 10%) M&F; AT-2000 Basic M&F; |
|
AT-2000 BASIC;AT-83 BASIC F;AT-2000 (D10%/D5%/D30%);AT-2000 (attenuated by 10%); |
|
Table of mortality of disabled people |
|
AT-49 DES; AT-49 DES 2 ANOS; AT-83 M&F SUAV 10%; MI-85 Segregated by Gender; AT-83 M; AT 49 Segregated by Gende; AT- 49 M&F; AT-49 AGRAV 100% M&F; AT - 83M (decreased by 5%); RP 2000 DISABLED M&F; RRB - 1983 |
|
AT- 83;AT-83 (decreased, 10%);AT-49 DES 2 years;MI-85;AT-49 M;AT- 49 M&F;AT-49 (M&F) AGR 100%;RP - 2000 Disable;AT - 83M (decreased by 5%);RP 2000 Disable M&F;RRB - 1983 |
|
Table of disability |
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Alvaro Vindas; Medium Light |
|
Light Weak, Medium and Strong; Alvaro Vindas |
|
% married on the date of retirement |
|
95% |
|
95% |
|
Age difference between men and women |
|
4 years |
|
4 years |
(i) Long-term interest rate
(ii) Represents the maximum and minimum return rates of asset plans.