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dc.contributor.authorShaira, Yusof,-
dc.contributor.authorRose Irnawaty, Ibrahim,-
dc.description.abstractThis study investigates the sensitivity of pension costs to changes in the underlying assumptions of a hypothetical pension plan in order to gain a perspective on the relative importance of the various actuarial assumptions via a simulation analysis. Simulation analyses are used to examine the impact of actuarial assumptions on pension costs. There are two actuarial assumptions will be considered in this study which are mortality rates and interest rates. To calculate pension costs, Accrued Benefit Cost Method, constant amount ( CA) modification, constant percentage of salary ( CS) modification are used in the study. The mortality assumptions and the implied mortality experience of the plan can potentially have a significant impact on pension costs. While for interest rate assumptions, it is inversely related to the pension costs. Results of the study have important implications for analyst of pension costs.en_US
dc.publisherAmer Inst Physicsen_US
dc.subjectpension costsen_US
dc.subjectAccrued Benefit Cost Methoden_US
dc.subjectconstant amount modificationen_US
dc.subjectconstant percentage of salary modificationen_US
dc.titleImpact of Actuarial Assumptions on Pension Costs A Simulation Analysisen_US
dc.typeConference Paperen_US
Appears in Collections:Proceedings Of The 21st National Symposium On Mathematical Sciences (Sksm21)

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