Economic Relations In The Public Pension System By Territory

2020 ◽  
Author(s):  
Oksana Skotarenko
Keyword(s):  
Pension System ◽  
Public Pension ◽  
Economic Relations ◽  
The Public ◽  
Public Pension System

scholarly journals Some Reflections Regarding the Public Pension and The Number of Pensioners in Romania, in The Period 2010-2021

2021 ◽  
Vol 8 (1) ◽  
pp. 90-103
Author(s):  
Maria-Cristina Bălăneasa ◽  
Cătălina Dogotari
Keyword(s):  
Pension System ◽  
Public Pension ◽  
Public Pensions ◽  
Public System ◽  
The Public ◽  
Main Form ◽  
Public Pension System

The current importance of public pensions is given by the fact that this is the main form of support for inactive or unemployed people.Through this article we aim to review, in a brief way, the evolution and particularities of public pension.In particular, we want to analyze the evolution of the number of retirees in the public system, of the average pension but also of the service pensions during the years 2010-2021, in order to identify some directions for improving the public pension system.

scholarly journals Evaluation on the Sustainability of Urban Public Pension System in China

2019 ◽  
Vol 11 (5) ◽  
pp. 1418 ◽  
Author(s):  
Qing Zhao ◽  
Haijie Mi
Keyword(s):  
Pension System ◽  
Population Aging ◽  
Public Pension ◽  
Population Projections ◽  
Sensitivity Analyses ◽  
Economic Downturn ◽  
The Public ◽  
Public Pension System ◽  
Pension Payments

Against the background of population aging and economic downturn, the sustainability of pension systems has aroused great concern for governments across the world. To better reflect the pressure of pension payments in the changing context, the paper aims to forecast the annual pension gap of the public pension system for urban employees in China. By the use of Cohort-component population projections and stochastic projection models, the distribution of flow-based annual pension gap in the next fifty years are estimated under basic assumptions. The results show that the pension gap continues to exist from 2017 and keeps expanding until 2070 without any policy reform. Sensitivity analyses of demographics and various combinations of policy parameters on the distribution of future pension gaps are displayed. Wider pension coverage with lower policy threshold is more likely to face larger long-term pension gap.

THE ANALYTIC APPROACH FOR THE STOCHASTIC PROJECTION OF THE PUBLIC PENSION FUND

2016 ◽  
Vol 31 (2) ◽  
pp. 196-206
Author(s):  
Hyungsu Kim ◽  
Geonwoo Kim ◽  
Sungchul Lee
Keyword(s):  
Pension Fund ◽  
Pension System ◽  
Public Pension ◽  
The Public ◽  
Parameter Estimations ◽  
Public Pension System ◽  
Public Pension Fund ◽  
The Moment ◽  
Log Normal ◽  
First Moment

In this paper, we propose a stochastic method to project the public pension fund in the public pension system (PPS). For this we introduce the stochastic differential equations for the three parts: the premium revenue, the benefit expenditure, and the fund process. From these we show that the solution of the aggregated fund process is the sum of log-normals, which is approximated as one log-normal for the analytic result. Related to the parameter estimations, we implement the moment matching in the first moment. For the second moment, we apply the extreme value method following Parkinson. In order to follow Parkinson, we take the maximum and the minimum range of the fund amount based on the various sensitivity result as well as the baseline one from the deterministic projection result. In this reason, it is naturally to maintain the close interrelation with the deterministic projection result, which is very important since it is still key result in the actuarial valuation of the PPS.

scholarly journals Comparative Analysis of Retirement Benefits in Private Pension Funds and Public Pension System

2019 ◽  
Vol 57 (2) ◽  
pp. 145-164
Author(s):  
Stevan Luković ◽  
Srđan Marinković
Keyword(s):  
Comparative Analysis ◽  
Success Rate ◽  
Pension Fund ◽  
Pension System ◽  
Public Pension ◽  
Private Pension ◽  
Investment Strategies ◽  
Retirement Benefits ◽  
The Public ◽  
Public Pension System

AbstractThis paper identifies the conditions under which the private pension funds generate superior retirement outcomes compared to public pension system. The research objective is to determine the probability of success of the selected investment strategies in achieving the public pension system replacement rate, and the probability of the realization of extremely unfavourable outcomes. The methodology used in this paper includes the comparative analysis of simulated financial results of the four selected investment strategies implemented in the private pension fund model and the defined retirement benefits generated within the public pension system. For the simulation of the financial results at retirement, Monte Carlo simulation technique has been used. The authors have found that the success rate of the private pension fund in achieving superior financial results in comparison to public pension system is high, but only for the contribution rates higher than 10%. At low contributions rates, the extremely aggressive strategy is the only one that generates moderate success rate. Also, the probability of realization of extremely unfavourable financial results is lowest for the conservative strategy, which suggests that for the relatively high levels of the contribution rate, it is the most appropriate option for the pension fund members.

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