{
  "edition": "15 September 2026",
  "purpose": "Fully specified illustrative liability hedge",
  "discountRateContinuous": 0.04,
  "members": 400,
  "minimumAge": 55,
  "maximumAge": 65,
  "annualPension": 36000,
  "horizonYears": 60,
  "gompertzHazardAt60": 0.01,
  "gompertzScaleYears": 9,
  "randomSeed": 20260915,
  "scenariosPerFamily": 5000,
  "forwardShockRmsBp": 15,
  "shockIntervalYears": 0.25,
  "solverTolerance": 1e-11,
  "portfolioConstraints": ["Long-only", "Equal present value", "Equal parallel forward-rate PV01"],
  "scheduleConvention": "Listed times are part of the example specification. Each remaining semiannual date pays half the annual coupon per100 nominal; the final date also pays100. Prices discount these amounts on the stated common curve.",
  "paymentConvention": "Pensions are paid annually in arrears at integer years1 through60, conditional on survival. Ages are400 equally spaced points including55 and65."
}