An Introduction To Pension Schemes
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An Introduction To Pension Schemes
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Author : E. M. Lee
language : en
Publisher:
Release Date : 1986-01-01
An Introduction To Pension Schemes written by E. M. Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-01-01 with Pension trusts categories.
The Evolution Of Public Pension Schemes
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Author : Harrie Verbon
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Evolution Of Public Pension Schemes written by Harrie Verbon and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
1. 1 An introduction to the problem This book deals with the development of public pension schemes. The operation of public pension schemes has drawn a great deal of attention recently due to ageing of the population which has become apparent since the 19 70s. This would probably have been less of a problem if these schemes had been financed by a Capital Reserve (abbreviated from now on as CR) system. As is well-known, in a pure CR-system individuals (or generations) save for their own retirement. The (average) rate of return on the premiums paid in this system equals the real rate of interest and, in principle, changes in the rate of population growth do not affect the premium rate or the benefit rate of the system. Most public pension schemes, however, are financed by a Pay-As-You-Go (abbreviated from now on as PAYG) system. In this system current pension payments are financed by current premium payments. In contrast to the CR-system intergenerational transfers occur in this system. If the number of retired people increases relative to the number of workers the premium rate will increase under PAYG. In itself this increase does not have to imply any concern for the premium paying population. What counts is whether the rate of return under a PAYG-system will fall (too far) below the rate of return the CR-system is offering.
Subject 1 Introduction To Pension Schemes And Social Security
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Author : Tony Tollerton
language : en
Publisher:
Release Date : 1996
Subject 1 Introduction To Pension Schemes And Social Security written by Tony Tollerton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Finance categories.
An Introduction To Pension Funds
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Author : E. M. Lee
language : en
Publisher:
Release Date : 1977
An Introduction To Pension Funds written by E. M. Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Old age pensions categories.
Introduction To Pension Schemes And Social Security
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Author : Tony Tollerton
language : en
Publisher:
Release Date : 1994
Introduction To Pension Schemes And Social Security written by Tony Tollerton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Implementing An Inclusive And Equitable Pension Reform
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Author : Cheolsu Kim
language : en
Publisher: Routledge
Release Date : 2012
Implementing An Inclusive And Equitable Pension Reform written by Cheolsu Kim and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
India is ageing. One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take-up is modest, NPS savings may soon provide huge amounts of capital to India's economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty? In this book, a multi-disciplinary international team, comprising of economists, lawyers, pension management experts, and capital market experts, explore these and other questions. The book proposes significant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well. It finds that current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in India.
The Evolving Pension System
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Author : William G. Gale
language : en
Publisher: Brookings Institution Press
Release Date : 2005
The Evolving Pension System written by William G. Gale and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Political Science categories.
The Evolving Pension System examines the foundations and the future of the private pension system. It provides a broad overview of the underlying assumptions, characteristics, and effects of existing pension policy, as well as alternative views on how public policy toward pensions should evolve in the future.Contributors include Robert Clark (North Carolina State University), Eric Engen (Federal Reserve Board), William G. Gale (Brookings Institution), Theodore Groom (Groom Law Group, Chartered), Daniel Halperin (Harvard), Alicia Munnell (Boston College), Leslie Papke (Michigan State University), Joseph Quinn (Boston College), Sylvester Schieber (Watson Wyatt), John B. Shoven (Stanford), and Jack Vanderhei (Temple University and EBRI).William G. Gale is the Joseph A. Pechman Fellow in the Economic Studies program at the Brookings Institution. John B. Shoven is Charles R. Schwab Professor at Stanford University. Mark J. Warshawsky is director of research at the TIAA-CREF Institute.
Defined Benefit Pension Schemes In The Uk
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Author : Philippe-N. Marcaillou
language : en
Publisher: Oxford University Press
Release Date : 2016-03-24
Defined Benefit Pension Schemes In The Uk written by Philippe-N. Marcaillou and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-24 with Business & Economics categories.
The goal of Asset-Liability Management (ALM) of a Defined Benefit Pension Scheme (DB) is to properly manage the risks related to variation in its building blocks on both sides of the balance sheet whilst maintaining the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. It is a product of the author's 25 years of experience and technical knowledge in ALM of Pension Funds, portfolio management, investment banking and, specifically, more than 700 meetings with investment experts in the Pension Industry. It includes 400 figures and tables to help the reader make appropriate decisions and identify hidden tricks. It provides an in-depth understanding of how an Asset-Liability structure works, how to assess the efficiency of an investment strategy, and how to maximize the management of cash. Liabilities and Liability Driven Investment techniques (LDI) are explained through numerous examples. The book shows the reader how to select the right LDI manager, and how to define a liability hedging strategy and monitor its efficiency. It demonstrates how to build efficient investment portfolios and select the appropriate asset classes, as well as how to build and monitor an efficient risks and performances report. In addition, it shows how the most common financial instruments work, their roles, the basics of statistics, and the principles of portfolio construction. Finally, it provides introduction to Buy-in, Buyout, and Longevity risk management.
Nonfinancial Defined Contribution Pension Schemes In A Changing Pension World
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Author : Robert Holzmann
language : en
Publisher: World Bank Publications
Release Date : 2012-06-21
Nonfinancial Defined Contribution Pension Schemes In A Changing Pension World written by Robert Holzmann and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-21 with Business & Economics categories.
Pensions are under scrutiny worldwide in view of increasing life expectancy and adverse demographics. This volume offers an overview of unfunded individual accounts introduced in the mid-1990s in Italy, Latvia, Poland and Sweden in order to assure a successful adulthood and an even better start for the off-springs.
Essays On Collective Funded Pension Schemes
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Author : Damiaan Hidde Joshua Chen
language : en
Publisher:
Release Date : 2016
Essays On Collective Funded Pension Schemes written by Damiaan Hidde Joshua Chen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
"Many pension systems worldwide have welfare enhancing properties, but seem unsustainable due to ageing problems, low interest rates and the recent financial crisis. Revisions of pension systems are required to improve sustainability, even in some cases this might reduce the generosity of pension arrangements. This dissertation covers several topics in collective funded pension arrangements, inspired by the revisions of pension arrangements worldwide and, in particular, the Dutch pension scheme. The first three chapters investigate mandatory participation in collective pension schemes both qualitatively and quantitatively. Chapter 2 serves as an introduction to pension system design with a focus on the Dutch pension system and compares its mandatory features with other countries. In the quantitative part (Chapters 3 and 4) we model the risk that a pension system collapses in absence of mandatory participation. The remaining chapters explore other aspects of collective pension schemes, in particular intergenerational risk-sharing (Chapter 5), the stability of the funding ratio, i.e. the ratio of the pension fund's assets over its liabilities (Chapter 6) and herding in investment behaviour (Chapter 7). Each chapter is self-contained and can for this reason be read separately from the other chapters."--Samenvatting auteur.
