Optimization of the Actuarial Model of Defined Contribution Pension Plan
The paper focuses on the actuarial models of defined contribution pension plan. Through assumptions and calculations, the expected replacement ratios of three different defined contribution pension plans are compared. Specially, more significant considerable factors are put forward in the further co...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Wiley
2014-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2014/576213 |
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| _version_ | 1832545385811279872 |
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| author | Yan Li Yuchen Huang Yancong Zhou |
| author_facet | Yan Li Yuchen Huang Yancong Zhou |
| author_sort | Yan Li |
| collection | DOAJ |
| description | The paper focuses on the actuarial models of defined contribution pension plan. Through assumptions and calculations, the expected replacement ratios of three different defined contribution pension plans are compared. Specially, more significant considerable factors are put forward in the further cost and risk analyses. In order to get an assessment of current status, the paper finds a relationship between the replacement ratio and the pension investment rate using econometrics method. Based on an appropriate investment rate of 6%, an expected replacement ratio of 20% is reached. |
| format | Article |
| id | doaj-art-99c46e02fc3d4a97a2e7f8355e6e1935 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-99c46e02fc3d4a97a2e7f8355e6e19352025-02-03T07:25:59ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2014-01-01201410.1155/2014/576213576213Optimization of the Actuarial Model of Defined Contribution Pension PlanYan Li0Yuchen Huang1Yancong Zhou2School of Insurance and Economics, University of International Business and Economics, Beijing 100029, ChinaSchool of Insurance and Economics, University of International Business and Economics, Beijing 100029, ChinaSchool of Information Engineering, Tianjin University of Commerce, Tianjin 300134, ChinaThe paper focuses on the actuarial models of defined contribution pension plan. Through assumptions and calculations, the expected replacement ratios of three different defined contribution pension plans are compared. Specially, more significant considerable factors are put forward in the further cost and risk analyses. In order to get an assessment of current status, the paper finds a relationship between the replacement ratio and the pension investment rate using econometrics method. Based on an appropriate investment rate of 6%, an expected replacement ratio of 20% is reached.http://dx.doi.org/10.1155/2014/576213 |
| spellingShingle | Yan Li Yuchen Huang Yancong Zhou Optimization of the Actuarial Model of Defined Contribution Pension Plan Discrete Dynamics in Nature and Society |
| title | Optimization of the Actuarial Model of Defined Contribution Pension Plan |
| title_full | Optimization of the Actuarial Model of Defined Contribution Pension Plan |
| title_fullStr | Optimization of the Actuarial Model of Defined Contribution Pension Plan |
| title_full_unstemmed | Optimization of the Actuarial Model of Defined Contribution Pension Plan |
| title_short | Optimization of the Actuarial Model of Defined Contribution Pension Plan |
| title_sort | optimization of the actuarial model of defined contribution pension plan |
| url | http://dx.doi.org/10.1155/2014/576213 |
| work_keys_str_mv | AT yanli optimizationoftheactuarialmodelofdefinedcontributionpensionplan AT yuchenhuang optimizationoftheactuarialmodelofdefinedcontributionpensionplan AT yancongzhou optimizationoftheactuarialmodelofdefinedcontributionpensionplan |