Accumulative Pension Schemes with Various Decrement Factors
We consider accumulative defined contribution pension schemes with a lump sum payment on retirement. These schemes differ in relation to inheritance and provide various decrement factors. For each scheme, we construct the balance equation and obtain an expression for calculation of gross premium. Pa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-11-01
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| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/8/11/2081 |
| Summary: | We consider accumulative defined contribution pension schemes with a lump sum payment on retirement. These schemes differ in relation to inheritance and provide various decrement factors. For each scheme, we construct the balance equation and obtain an expression for calculation of gross premium. Payments are made at the end of the insurance event period (survival to retirement age or death or retirement for disability within the accumulation interval). A simulation model was developed to analyze the constructed schemes. |
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| ISSN: | 2227-7390 |