6533b7dbfe1ef96bd1270909
RESEARCH PRODUCT
A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits
Manuel Ventura-marcoCarlos Vidal-meliáJuan Manuel Pérez-salamero Gonzálezsubject
Scheme (programming language)PensionActuarial sciencePublic AdministrationSociology and Political Science05 social sciencesEconomics Econometrics and Finance (miscellaneous)Pension systemRedistribution (cultural anthropology)01 natural sciences010104 statistics & probabilityBalance (accounting)0502 economics and businessEconomicsBalance sheet050207 economics0101 mathematicsNotional amountcomputerPractical implicationscomputer.programming_languagedescription
This article proposes a “Swedish” type actuarial balance sheet (ABS) for a notional defined contribution (NDC) scheme with disability and minimum pension benefits. The proposed ABS splits the pension system in two parts: the pure NDC part and the redistributive part, which includes the assets and liabilities originating from non-contributory rights. The article contains a numerical example that sheds light on the real applicability of our proposal. The model has practical implications that could be of interest to policy-makers, given that it integrates actuarial and social aspects of public pensions and discloses the real cost of redistribution through minimum pensions.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2017-07-01 | International Social Security Review |