The aim of this article is to give evidence that, if a Pension Fund of the defined contribution type is brought back to a “sustainable level” of liability uncovered, as regard to the contribution level, and yields yearly a revenue on the pension savings equalling the asset’s interest rate plus wage’s growth rate respectively weighing as its funded and unfunded liability components on the total pension debt, then the Fund can guarantee sustainability through time.
FUNDED AND UNFUNDED SYSTEMS:TWO ENDS OF THE SAME STICK / Angrisani, Massimo. - ELETTRONICO. - (2006). (Intervento presentato al convegno 28TH INTERNATIONAL CONGRESS OF ACTUARIES 2006 tenutosi a PARIS nel MAY 28/ JUIN 2 2006).
FUNDED AND UNFUNDED SYSTEMS:TWO ENDS OF THE SAME STICK
ANGRISANI, Massimo
2006
Abstract
The aim of this article is to give evidence that, if a Pension Fund of the defined contribution type is brought back to a “sustainable level” of liability uncovered, as regard to the contribution level, and yields yearly a revenue on the pension savings equalling the asset’s interest rate plus wage’s growth rate respectively weighing as its funded and unfunded liability components on the total pension debt, then the Fund can guarantee sustainability through time.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
