Fig. 3
From: Swiss pension funds: funding ratio, discount rate, and asset allocation
Examplary conversion rates. Figure shows for different conversion factors (iso-curves), and interest rates (y-axis) how long pension payments last until a retired insurants own savings are depleted (x-axis). Pension payments assumed as annuities, with constant interest rates and annual pension payments in the amount of the respective conversion rate as a percentage of a retired insurants savings at the time of retirement. Source: Own calculations