worker who will enter the CJPB First of all we must inform you that you are comparing different things. The fee to use the simulator is in PESOS (is the annual gross rate of return in pesos) and you must enter your salary in pesos and peso Afap balance and always done the calculations of retirement and capitalization are in pesos. On the other hand, the maximum system performance is reported on a fee for disposal UR Central Bank. This means that the calculations are done in PESOS (as does the simulator at a rate in pesos) and then gets converted to UR for the case of the profitability of the system. For which you are comparing a rate in pesos (the simulator) against each other in UR (the system).
Second, the rate of 1.75% is UR only the last 5 years and not at the rate of return having the entire system from its inception. You can imagine that is not enough to do in the simulator a projection of retirement at a rate that considers only the last 5 years, considering that it is planning to tens of years ahead.
Finally, and really you are informed, we inform you that the annual gross return rate of the entire system since its inception is 5.98%, ie one percentage point above that you are using the simulator . Also worth mentioning, and so you have even more information, the rate would be even higher were it not for the calculation period includes the deepest crisis by which affected our country, a crisis that most analysts describe it as unique as it is very difficult to repeat the same extent as it has changed the position of Uruguay against neighboring countries. Therefore
and the rate of 6% is reasonable to use the simulator yet still uses a lower than 5% gross return in pesos. Desiring
we leave you as we locate the effects we can provide further information on their future retirement to move to the CJPB, and so you can be better informed.
