Economics at your fingertips  

A Necessary Sustainability Condition for partially Funded Pension Systems

Massimo Angrisani and Cinzia Di Palo
Additional contact information
Massimo Angrisani: University La Sapienza of Rome, Italy
Cinzia Di Palo: University of Cassino, Italy

from University of Primorska, Faculty of Management Koper

Abstract: This paper presents a necessary condition on the sustainability for defined contribution pension systems with a funded component under the assumption of a constant contribution rate and in the stabilisation phase. The work finds classification in the framework of “logically sustainable pension systems”, introduced in Angrisani (2006; 2008), which are pension systems whose sustainability is founded on logical-mathematical rules rather than on actuarial forecasting. On the base of this theory and by assuming an efficient rule on the rate of return on the pension liability, we give the condition relative to the “minimum level” of the constant contribution rate, only necessary for the sustainability of pension systems in the stabilisation phase. The paper also gives the numerical example where the necessary condition of sustainability is applied.

Keywords: Public Pension Systems; Defined Contribution Pension System; Pension System Sustainability (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) full text in English (application/pdf) Conference Programme with Abstracts (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this chapter

More chapters in MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers] from University of Primorska, Faculty of Management Koper Contact information at EDIRC.
Series data maintained by Alen Jezovnik ().

Page updated 2017-09-29
Handle: RePEc:mgt:micp11:773-788