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The regulation on the Belgian occupational pension schemes has been recently changed. The new law allows for employers … and use financial pricing tools to compare the methods. More specifically, we link the pension liabilities to a portfolio …
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In classical pension design, there are essentially two kinds of pension schemes: Defined Benefit (DB) and Defined … applied to social security pension systems, this traditional view can in both cases lead to unfair intergenerational … of the retirement age, the contribution rate, the replacement rate, and the indexation rate. …
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This paper captures and measures the longevity risk generated by an annuity product. The longevity risk is materialized by the uncertain level of the future liability compared to the initially foretasted or expected value. Herein we compute the solvency capital (SC) of an insurer selling such a...
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expectancy at retirement. One's income during the active part of one's career translates into the amount of retirement benefits … sustainability issues, the Belgium pension reform committee issued a proposal for a point system designed to be both sustainable and … expectancy heterogeneity during the active part of the career, aiming to reduce unfairness once reaching retirement. This method …
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