Your Nett Replacement Ratio, or NRR, is the percentage of your salary you will probably receive as a pension. It is indicated on your benefit statement as a future value. For example, if you are earning R20 000 a month when you retire, and your NRR is 50%, your projected pension will be R10 000.
Your NRR should be at least 75%.
What if your savings aren’t keeping up?