This paper proposes a simple method for projecting DC pension benefits at retirement on a yearly basis, which may be a building block towards an industry reporting standard. Projections highlight how the current choice of asset allocation impacts retirement outcomes, and the results are compared with a money-back benchmark to clarify the trade-off between risk and return. Projections are also connected with ex post performance, in that the pension fund reports its yearly-realized performance relative to previous projections. The fund also revises its current forecasts of benefits at retirement as a function of its own realized returns. We discuss two reporting formats, one based on accumulated capital at retirement and the other on monthly pension wage.
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