Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers

Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers PDF Author: OECD
Publisher: OECD Publishing
ISBN: 926422274X
Category :
Languages : en
Pages : 194

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Book Description
The publication assess how pension funds, annuity providers such as life insurance companies, and the regulatory framework incorporate future improvements in mortality and life expectancy.

Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers

Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers PDF Author: OECD
Publisher: OECD Publishing
ISBN: 926422274X
Category :
Languages : en
Pages : 194

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Book Description
The publication assess how pension funds, annuity providers such as life insurance companies, and the regulatory framework incorporate future improvements in mortality and life expectancy.

Life Annuity Products and Their Guarantees

Life Annuity Products and Their Guarantees PDF Author: Collectif
Publisher: OECD
ISBN: 9264267794
Category : Business & Economics
Languages : en
Pages : 153

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Book Description
This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement. Product design is a crucial factor in the potential role of annuity products within the pension system, along with the cost and demand for these products, and the resulting risks that are borne by the annuity providers. Increasingly complex products, however, pose additional challenges concerning consumer protection. Consumers need to be aware of their options and have access to unbiased and comprehensible advice and information about these products.

Pension Mathematics with Numerical Illustrations

Pension Mathematics with Numerical Illustrations PDF Author: Howard E. Winklevoss
Publisher: University of Pennsylvania Press
ISBN: 9780812231960
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
A text that quantifies and provides new or improved actuarial notation for long recognized pension cost concepts and procedures and, in certain areas, develops new insights and techniques. With the exception of the first few chapters, the text is a virtual rewrite of the first edition of 1977. Among the major additions are chapters on statutory funding requirements, pension accounting, funding policy analysis, asset allocation, and retiree health benefits.

The Quest for Immortality: Science at the Frontiers of Aging

The Quest for Immortality: Science at the Frontiers of Aging PDF Author: Bruce A. Carnes
Publisher: W. W. Norton & Company
ISBN: 0393245888
Category : Science
Languages : en
Pages : 259

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Book Description
"This is by far the best book I've read on the science of aging."—Andrew Weil, M.D. "Life-span Truth Will Set You Free from Age-old Worries," announced the Chicago Tribune upon the first publication of this book. The New England Journal of Medicine confirmed, "For readers interested in aging and longevity, this small book clearly explains the major concepts...extremely enjoyable to read." From NBC Nightly News with Tom Brokaw to Scientific American to the New York Times, S. Jay Olshansky and Bruce A. Carnes have stirred up controversy and brought clarity to an issue often muddled by exaggeration and pseudoscience. Medical science has uncovered a host of answers to the problems of aging, but many of the most exciting discoveries are buried in scientific journals or overshadowed by popular quick-fix treatments. The Quest for Immortality explains the real science of aging and shows which treatments offered by today's multi-billion-dollar anti-aging industries offer real hope, and which are a waste of money and time.

Life Annuity Products and Their Guarantees

Life Annuity Products and Their Guarantees PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264265317
Category :
Languages : en
Pages : 110

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Book Description
This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement.

Pension Economics

Pension Economics PDF Author: David Blake
Publisher: John Wiley & Sons
ISBN: 9780470058718
Category : Business & Economics
Languages : en
Pages : 270

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Book Description
While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand: * The key types of pension scheme * The role of pensions in maximizing individual lifetime welfare * The role of pensions in individual savings and retirement decisions * The role and consequences of the pension plan from the company's viewpoint * The role of pensions in promoting aggregate savings * The role of pensions and retirement in overlapping generations models * The economics of ageing and intergenerational accounting * The social welfare implications of pensions * The lessons of behavioural economics for pensions

The Distributional Aspects of Social Security and Social Security Reform

The Distributional Aspects of Social Security and Social Security Reform PDF Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241890
Category : Political Science
Languages : en
Pages : 481

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Book Description
Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts. As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.

Assessing Chile's Pension System: Challenges and Reform Options

Assessing Chile's Pension System: Challenges and Reform Options PDF Author: Samuel Pienknagura
Publisher: International Monetary Fund
ISBN: 151359611X
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

The SAGE Encyclopedia of Business Ethics and Society

The SAGE Encyclopedia of Business Ethics and Society PDF Author: Robert W. Kolb
Publisher: SAGE Publications
ISBN: 148338151X
Category : Business & Economics
Languages : en
Pages : 4074

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Book Description
Spans the relationships among business, ethics, and society by including numerous entries that feature broad coverage of corporate social responsibility, the obligation of companies to various stakeholder groups, the contribution of business to society and culture, and the relationship between organizations and the quality of the environment.

OECD Pensions Outlook 2012

OECD Pensions Outlook 2012 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9789264169395
Category :
Languages : en
Pages : 230

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Book Description
This edition looks at pension reform during the crisis and beyond, the design of automatic adjustment mechanisms, reversals of systemic pension reforms in Central and Eastern Europe, coverage of private pension systems and guarantees indefined contribution pension systems.