Pension plans: technical and financial perspectives

Annamaria Olivieri () and Ermanno Pitacco ()
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Annamaria Olivieri: Università di Parma, Dipartimento di Economia
Ermanno Pitacco: Università di Trieste, Dipartimento di Scienze Economiche, Aziendali, Matematiche e Statistiche

Chapter Chapter 8 in Introduction to Insurance Mathematics, 2011, pp 373-393 from Springer

Abstract: Abstract In this Chapter we examine some features of private pension programmes, namely those arrangements providing a post-retirement income in addition to the public pension. As we will see, a private pension plan can be designed either on an individual or a group basis. Although in the modern forms the funding of benefits is always realized on individual basis, group pension plans allow for a funding arrangement based on solidarity principles. The post-retirement income is the basic benefit of a pension plan; however, several rider benefits can be underwritten, covering risks to which an individual is exposed either before or after retirement.

Keywords: Life Insurance; Pension Plan; Pension Income; Longevity Risk; Life Annuity (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-16029-5_8

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DOI: 10.1007/978-3-642-16029-5_8

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