Replacement rates are not always parallel to salary rates when employed. For example, an Australian bus driver might make $($in US dollars$)$ approximately $$1,200$ a month. When they retire, they might draw retirement benefits of $$1,100$ a month, approximately. A bank manager might make $($in US dollars$)$ $$3,200$ a month when employed, but receive benefits of $$1,500$ a month when retired.

True

False