Pension system | Defined benefit | Defined contribution | |||||||
---|---|---|---|---|---|---|---|---|---|
Overall adjustment | Ï• multiplier | Ï• multiplier | |||||||
in labor supply | 0.5 (%) | 1 (%) | 1.5 (%) | 2 (%) | 0.5 (%) | 1 (%) | 1.5 (%) | 2 (%) | |
δ multiplier | 0.98 | 123 | 119 | 117 | 117 | 119 | 117 | 117 | 117 |
 | 1 | 112 | 113 | 115 | 117 | 109 | 112 | 115 | 117 |
 | 1.02 | 100 | 108 | 113 | 117 | 97 | 107 | 113 | 117 |