Enrolled Actuary Exam Prep

A participant will retire at age 80.Selected data:p80 = 0.9521 using unprojected mortalityp81 = 0.9461 using unprojected mortalityi = 6.0%, compounded annuallyX = 20 2 a60 using unprojected mortality Y = 20 2 a60 using post-retirement mortality that is projected with 1% annual mortality improvements from this participant’s age 60. Pre-retirement mortality is not projected. In what range is Y/ X ?