How certain is your pension?

The accrual and payment of pension extend over a very long period. From the start of the accrual until the last pension payment may be as long as 80 years. The world changes over such a period, giving rise to risks that threaten your pension. The risks may lead to a deficit.

Insurers base their rates on a number of factors, including:

1. the interest rate;
2. the life expectancy of people;
3. reimbursement of the costs they incur.