Cover Image

Empirical Study on Impact of Demographic and Economic Changes on Pension Cost

A continuation of the same financial standard of living after retirement as before is very importance to retired person. The pension provider has a responsibility to ensure their employees receive the sufficient benefit after retirement and regularly monitor the factors that cause insufficient funds...

Full description

Saved in:
Bibliographic Details
Main Authors: Shaira, Yusof,, Rose Irnawaty, Ibrahim,
Format: Conference Paper
Language:en_US
Published: Amer Inst Physics 2015
Subjects:
mortality rates
interest rates
pension cost
Accrued Benefit Cost Method
Projected Benefit Cost Method
Online Access:http://ddms.usim.edu.my/handle/123456789/8942
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.usim-8942
record_format dspace
spelling my.usim-89422015-08-05T02:31:38Z Empirical Study on Impact of Demographic and Economic Changes on Pension Cost Shaira, Yusof, Rose Irnawaty, Ibrahim, mortality rates interest rates pension cost Accrued Benefit Cost Method Projected Benefit Cost Method A continuation of the same financial standard of living after retirement as before is very importance to retired person. The pension provider has a responsibility to ensure their employees receive the sufficient benefit after retirement and regularly monitor the factors that cause insufficient funds to pay benefit to retirees. Insufficient funds may be due to increased in pension cost. Some of the factors that increase the cost of pensions are changes in mortality rates and interest rates. This study will used these two factors to determine their sensitivity to pension cost. Two methods which are Accrued Benefit Cost Method and Projected Benefit Cost Method will be used to estimate pension cost. Interest rates has a inversely related to pension cost while mortality rates has a directly related to pension cost. 2015-08-05T02:31:38Z 2015-08-05T02:31:38Z 2014-01-01 Conference Paper 9780-7354-1236-1 0094-243X http://ddms.usim.edu.my/handle/123456789/8942 en_US Amer Inst Physics
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language en_US
topic mortality rates
interest rates
pension cost
Accrued Benefit Cost Method
Projected Benefit Cost Method
spellingShingle mortality rates
interest rates
pension cost
Accrued Benefit Cost Method
Projected Benefit Cost Method
Shaira, Yusof,
Rose Irnawaty, Ibrahim,
Empirical Study on Impact of Demographic and Economic Changes on Pension Cost
description A continuation of the same financial standard of living after retirement as before is very importance to retired person. The pension provider has a responsibility to ensure their employees receive the sufficient benefit after retirement and regularly monitor the factors that cause insufficient funds to pay benefit to retirees. Insufficient funds may be due to increased in pension cost. Some of the factors that increase the cost of pensions are changes in mortality rates and interest rates. This study will used these two factors to determine their sensitivity to pension cost. Two methods which are Accrued Benefit Cost Method and Projected Benefit Cost Method will be used to estimate pension cost. Interest rates has a inversely related to pension cost while mortality rates has a directly related to pension cost.
format Conference Paper
author Shaira, Yusof,
Rose Irnawaty, Ibrahim,
author_facet Shaira, Yusof,
Rose Irnawaty, Ibrahim,
author_sort Shaira, Yusof,
title Empirical Study on Impact of Demographic and Economic Changes on Pension Cost
title_short Empirical Study on Impact of Demographic and Economic Changes on Pension Cost
title_full Empirical Study on Impact of Demographic and Economic Changes on Pension Cost
title_fullStr Empirical Study on Impact of Demographic and Economic Changes on Pension Cost
title_full_unstemmed Empirical Study on Impact of Demographic and Economic Changes on Pension Cost
title_sort empirical study on impact of demographic and economic changes on pension cost
publisher Amer Inst Physics
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/8942
_version_ 1645152505109151744
score 13.222552

Similar Items