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Mathematical analysis and numerical methods for pricing pension plans allowing early retirement

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Table 5.3: Retirement benefits at time t = 10 and the mesh point (S, I) = (25, 20) when the parametersσ = 0.1, θ = 0.025, r = 0.025, a = 0.75, ny = 30, k1 = 0.5, µd = 0.025, µc = 0.2, αd = 1 and αw = 0 areconsidered
Fig. 5.1: Retirement benefits at time ta = 38 when the parameters σ = 0.1, θ = 0.025, r = 0.025, = 0.75, ny = 30, k1 = 0.5, µd = 0.025, µw = 0.2, αd = 1 and αw = 0 are considered
Fig. 5.2: Multiplier value at time t = 38 when the parameters σ = 0.1, θ = 0.025, r = 0.025, a = 0.75,ny = 30, k1 = 0.5, µd = 0.025, µw = 0.2, αd = 1 and αw = 0 are considered
Fig. 5.4: Retirement benefits at time ta = 10 when the parameters σ = 0.1, θ = 0.025, r = 0.025, = 0.75, ny = 30, k1 = 0.5, µd = 0.025, µw = 0.2, αd = 1 and αw = 0 are considered

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