A Necessary Sustainability Condition for partially Funded Pension Systems
AbstractThis paper presents a necessary condition on the sustainability for defined contribution pension systems with a funded component under the assumption of a constant contribution rate and in the stabilisation phase. The work finds classification in the framework of “logically sustainable pension systems”, introduced in Angrisani (2006; 2008), which are pension systems whose sustainability is founded on logical-mathematical rules rather than on actuarial forecasting. On the base of this theory and by assuming an efficient rule on the rate of return on the pension liability, we give the condition relative to the “minimum level” of the constant contribution rate, only necessary for the sustainability of pension systems in the stabilisation phase. The paper also gives the numerical example where the necessary condition of sustainability is applied.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
This chapter was published in: Massimo Angrisani & Cinzia Di Palo , , pages 773-788, 2011.
This item is provided by University of Primorska, Faculty of Management Koper in its series MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers] with number 773-788.
Contact details of provider:
Postal: Cankarjeva 5, SI-6104 Koper, PO BOX 345
Phone: 05 610 20 00
Fax: 05 610 20 15
Web page: http://www.fm-kp.si/zalozba/ISBN/978-961-266-113-7.htm
More information through EDIRC
Public Pension Systems; Defined Contribution Pension System; Pension System Sustainability;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Palmer, Edward, 2000. "The Swedish pension reform model : framework and issues," Social Protection Discussion Papers 23086, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alen Jezovnik).
If references are entirely missing, you can add them using this form.