Please use this identifier to cite or link to this item: http://ddms.usim.edu.my:80/jspui/handle/123456789/9189
Title: Empirical study on impact of demographic and economic changes on pension cost
Authors: S., Yusof
R.I., Ibrahim
Keywords: Accrued Benefit Cost Method
Interest rates
Mortality rates
Pension cost
Projected Benefit Cost Method
Issue Date: 1-Jan-2014
Publisher: American Institute of Physics Inc.
Abstract: A continuation of the same financial standard of living after retirement as before is very importance to retired person. The pension provider has a responsibility to ensure their employees receive the sufficient benefit after retirement and regularly monitor the factors that cause insufficient funds to pay benefit to retirees. Insufficient funds may be due to increased in pension cost. Some of the factors that increase the cost of pensions are changes in mortality rates and interest rates. This study will used these two factors to determine their sensitivity to pension cost. Two methods which are Accrued Benefit Cost Method and Projected Benefit Cost Method will be used to estimate pension cost. Interest rates has a inversely related to pension cost while mortality rates has a directly related to pension cost. © 2014 AIP Publishing LLC.
URI: http://ddms.usim.edu.my/handle/123456789/9189
ISBN: 9780-7354-1236-1
ISSN: 0094-243X
Appears in Collections:AIP Conference Proceedings

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