Income Replacement Ratio

Income Replacement Ratio,

Income Replacement Ratio Meanings:

  • A simple definition of Income Replacement Ratio is: The rate of change of income is the percentage of income earned which a person should receive during retirement in order to maintain a stable standard of living. This ratio is usually 60 to 90%.

    The income conversion rate is used by pension schemes and other institutions that manage pensions.

Literal Meanings of Income Replacement Ratio

Income:

Meanings of Income:
  1. Money received regularly for work or investment.

Sentences of Income
  1. Have a good house and a decent income.

Synonyms of Income

remuneration, wages, pay, salary, stipend, earnings, emolument

Replacement:

Synonyms of Replacement

renewal, replacing

Ratio:

Meanings of Ratio:
  1. A quantitative relationship between two quantities that indicates how many times one value is included or whether another quantity is included.

Sentences of Ratio
  1. The male to female employment ratio is 8 to 1

Synonyms of Ratio

relationship, balance, comparative number, comparative extent, proportion, quantitative relation, correspondence, correlation