|
Benefit Projection
The MPF System works on the general principles of long-term savings and prudent investment. Below are illustrative examples of the amount of accrued benefits a member may accrue upon retirement at the age of 65 with a monthly salary of $8,000 or $10,000. You may also use the MPF Calculator to know your estimated accrued benefits.
| |
Yearly rate of net investment return |
| 1% |
4% |
Monthly salary = $8,000
Age at which the first contribution starts: |
($) |
($) |
| 25 years old |
472,000 |
946,000 |
| 40 years old |
273,000 |
411,000 |
| 55 years old |
101,000 |
118,000 |
Monthly salary = $10,000
Age at which the first contribution starts: |
($) |
($) |
| 25 years old |
590,000 |
1,182,000 |
| 40 years old |
341,000 |
514,000 |
| 55 years old |
126,000 |
147,000 |
Assumptions:
* Bonus, 13th month pay or other allowances are not included.
* The effects of salary increase and inflation are ignored.
* Net investment return is net of all applicable charges.
|
