Some really important things that are built into it are:
- Everything is given in "today's dollars" and that's done by reference to a salary index, NOT a price index, to reflect increases in community living standards.
- It shows some indication of the income level you can expect during retirement given your lump-sum retirement benefit.
[1] I was one of the actuarial staff that contributed to it
https://supercalcs.com.au/ris9/mst
Some really important things that are built into it are:
- Everything is given in "today's dollars" and that's done by reference to a salary index, NOT a price index, to reflect increases in community living standards.
- It shows some indication of the income level you can expect during retirement given your lump-sum retirement benefit.
[1] I was one of the actuarial staff that contributed to it