Search results for "Notion"
showing 10 items of 57 documents
Notional defined contribution pension schemes: Why does only Sweden distribute the survivor dividend?
2015
The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension schemes. At present, this feature can only be found in the Swedish defined contribution scheme. We develop a model that endorses the idea that the survivor dividend has a strong basis for enabling the NDC scheme to achieve financial equilibrium and that not including the dividend is a non-transparent way of compensating for increases in longevity and/or legacy costs from old pension systems. We also find that the average effect of the dividend remains unchanged for any constant annual rate of population growth, that contribu-tors who reach retirement age always get a higher r…
Should a Survivorship Dividend Be Included in Notional Defined Contribution Accounts (NDCs)?
2013
The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension schemes. With this aim in mind, we first extend the model developed by Boado-Penas & Vidal-Melia (2014) by allowing for changes in the growth of the active population. We then compute the effect of the survivor dividend on the relationship between the individual’s internal rate of return for contributors who reach retirement age and the system’s internal rate of return. Finally we develop the main entries to include on the system's actuarial balance sheet. The model endorses the idea that the survivor dividend has a strong basis for enabling the NDC scheme to achieve financia…
2-3 gadīgu bērnu iztēles veicināšana matemātikas priekštatu apguvē
2019
Kvalifikācijas darba autore: Krista Kora Kukaine Kvalifikācijas darba nosaukums: 2-3 gadīgu bērnu iztēles veicināšana matemātikas priekštatos Kvalifikācijas darba vadītājs: Dr. paed. I. Helmane Darba mērķis: analizēt jaunākā pirmsskolas vecuma bērnu iztēles veicināšanu matemātikas preikšstatu apguvē un apkopot ieteikumus matemātikas priekštatu apguvei iztēles veicināšanā. Darba sastāvs: ievads, 2 (divas) daļas, 5 (piecas) apakšnodaļas, secinājumi, priekšlikumi, 38 (trīsdesmit astoņi) izmantotās literatūras un avotu saraksts, 5 (pieci) pielikumi. Kvalifikācijas darba apjoms: 44 lpp., 3 tabulas, 3 attēli, 5 pielikumi, 39 literatūras avoti. Pirmajā daļā tiek analizēta daudzu zinātnieku un auto…
Does the Pension System’s Income Statement Really Matter? A Proposal for An NDC Scheme with Disability and Minimum Pension Benefits
2019
This paper develops a full accounting model for monitoring the solvency of a notional defined contribution (NDC) pension scheme with disability and minimum pension benefits. Using the annual report of the Swedish pension system as a benchmark (TSPS, 2019), we extend the “Swedish” actuarial balance developed by Perez-Salamero et al. (2017) by adding an income statement which fully explains the reasons behind the changes in the system’s solvency by type of benefit. In line with the reference model, assets and liabilities are measured at present value at each reporting date, and changes in present value are reported in each period as income or expenses and are included on the income statement.…
A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits
2017
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.
Wie und Was. Referenzgrammatik mit Übungen A1-B2.
2012
"Wie und Was" è una grammatica di consultazione che si rivolge ad un pubblico internazionale per imparare, ripetere o approfondire argomenti di grammatica tedesca. E' ideale per l'università e per la scuola superiore, ma anche per lo studio autonomo, in quanto parla in modo chiaro e sintetico in tedesco del tedesco. "Wie und Was" è conciso, fruibile, di facile consultazione e ha una struttura chiara. E' suddivisa in 4 parti secondo i livelli d'apprendimento seguendo le indicazioni del QCER. Vengono trattati tutti gli argomenti grammaticali che riguardano i singoli livelli (A1, A2, B1, B2) ossia tutti i capitoli della grammatica tedesca (perché il livello C non contiene argomenti nuovi). Per…
GLI ANTROPOLOGI SOCIOCULTURALI E LA “SOSTENIBILITÀ”. ALCUNE PROSPETTIVE
2023
The chapter proposes a critical discussion of the notions of sustainability and sustainable development. It should be noted that the global and national policies of "sustainable development" implemented in the last thirty years have failed to stop the worsening of the planetary crisis and of climate change of anthropogenic origin at the planetary level. We then go over some of the main lines of reflection and analysis on these issues within socio-cultural anthropology
A Social Insurance Accounting for a Notional Defined Contribution Scheme Combining Retirement and Long-Term Care Benefits
2018
This paper develops a social insurance accounting model for a notional defined contribution (NDC) scheme combining retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to compile a “Swedish” type actuarial balance sheet (ABS) following a framework equivalent to an open group approach. This methodology is suitable for reporting the system’s solvency status and can show periodical changes in the system’s financial position by means of an income statement. The information underpinning the actuarial valuation is based on events and transactions that are verifiable at the valuation date, without considering expected future tr…
Integrating Retirement and Long-Term Care (LTC) Annuities Using a Notional Defined Contribution (NDC) Framework
2014
This paper examines the possibility of embedding public long-term care (LTC) insurance within the retirement pension system, i.e. introducing life care annuities (LCAs) into a notional defined contribution (NDC) framework. To do this we develop a multistate overlapping generations model (MOLG) that includes the so-called survivor dividend and give special attention to the assumptions made about mortality rates for dependent persons and LTC incidence rates, which largely determine the contribution rate assigned to LTC. The proposed model could be of interest to policymakers because it could be implemented without too much difficulty, it would universalize LTC coverage with a "fixed" cost, an…
Is the Reform of the Spanish Public Pension System of 2011 Justified from an Actuarial Point of View?
2012
The aim of this paper is basically to answer three questions about the Spanish public retirement pension system. Is the 2011 reform of the system, which will gradually come into force starting on 1-01-2013, justified from an actuarial point of view? What measures would have been adopted in the Spanish system if all the accounting principles applied in the notional account pension system in Sweden were enforced? What measures would be adopted if current legislation on defined benefit private pension plans were applied to the system? To this end we formulate a Swedish-type actuarial balance for the Spanish public retirement pension system as at 31-12-2010 and project a solvency indicator for …