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Measuring accrued-to-date liabilities of public pension systems: Method, data and limitations

Matthias Heidler, Christoph Müller and Olaf Weddige

No 37, FZG Discussion Papers from Research Center for Generational Contracts (FZG), University of Freiburg

Abstract: This paper introduces the approach of the Freiburg model to quantify accrued-to-date liabilities (ADL) of public pension schemes. The presented framework has been applied to carry out benchmark calculations for 19 EU member states on behalf of the Eurostat/ECB Contact Group on Pensions. We will show that the Freiburg model represents a valuable instrument to calculate pension schemes' ADL on a relatively small data base. Furthermore, limitations and possible extensions of the model will be outlined. --

Date: 2009
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