1.

Record Nr.

UNINA9910674344903321

Autore

Spirková Jana

Titolo

Selected payout products of the old-age pension saving scheme / / Jana Spirková [and three others]

Pubbl/distr/stampa

Cham, Switzerland : , : Springer, , [2023]

©2023

ISBN

3-031-23849-4

Edizione

[1st ed. 2023.]

Descrizione fisica

1 online resource (75 pages)

Collana

SpringerBriefs in Statistics, , 2191-5458

Disciplina

332.6725

Soggetti

Pension trusts - Finance

Pension trusts - Taxation

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Preface -- Part I Introduction and Preliminaries -- Preliminaries -- Model of Longevity -- Part II Selected Payout Products -- Selected Life Old-age Pension Products -- Analysis of the Products -- Test of Profitability -- Part III Conclusions and Recommendations -- Research Questions and Hypotheses.-Appendices -- Index.

Sommario/riassunto

This book discusses the payout phase of the old-age pension saving scheme, the so-called effective premium, and offers detailed actuarial models and analyses of five old-age pension saving products used in practice. These include the basic permanent monthly annuity, without any benefits for survivors, as well as products which, in addition, also include benefits for survivors or authorized persons in the event of the pensioner’s death. The purpose of the book is to point out the method of determining future old-age pensions from old-age pension savings, and to present the advantages and disadvantages of such a pension. The book also emphasizes the role of the profitability testing of the products and answers questions concerning the effectiveness of old-age pension savings and insurance. The book is primarily intended for students of actuarial and financial mathematics and future economists.