# Life-Cycle Model 43: Earnings-Indexed Pensions (experienceassetz)

**URL:** https://discourse.vfitoolkit.com/t/life-cycle-model-43-earnings-indexed-pensions-experienceassetz/716
**Category:** Uncategorized
**Created:** [October 2, 2026, 6:17am UTC](https://discourse.vfitoolkit.com/t/life-cycle-model-43-earnings-indexed-pensions-experienceassetz/716 "2026-10-02T06:17:41Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![robertdkirkby](https://discourse.vfitoolkit.com/user_avatar/discourse.vfitoolkit.com/robertdkirkby/32/287_2.png) [@robertdkirkby](https://discourse.vfitoolkit.com/u/robertdkirkby)
#### Post date: [October 2, 2026, 6:17am UTC](https://discourse.vfitoolkit.com/t/life-cycle-model-43-earnings-indexed-pensions-experienceassetz/716/1 "2026-10-02T06:17:42Z")

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Just added a new Life-Cycle Model 43 to the Intro to Life-Cycle Models. It shows how to use experienceassetz, which is aprime(d,a,z). This is applied to keep track of average earnings, to which pensions are then indexed. Because earnings depend on a markov shock z, we need the experienceassetz.