VICA 2018 @ Actuarial Media Center
Welcome
Login / Register

A coverage factor for managing elderly pension benefits

Sorry, this video is only available to registered users.

Please sign in below or register to view this video.

Thanks! Share it with your friends!

URL

You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.
URL

Added , Speaker J. Iñaki De La Peña (University of the Basque Country (UPV/EHU)), ICA2018, in PENSIONS
62 Views

Description

Speaker: Alexander Bohnert

This paper proposes a system for the automatic adjustment of pension benefits taking into account the mortality risk of the dependency level of the beneficiary. To that end a simplified multi-state Markov chain model is included and the probability of death is estimated based on the experience of excess mortality rates. Thus, pension benefits increase in the new state as the cost of care increases. The paper does not seek to give a solution for severe or high-dependent beneficiaries, but tries to make social sense of the benefit received and adapt it to their life expectancy: they receive more when they most need it. The development of the factor is applied to the Spanish mortality experience (PEM/F2000)

Post your comment

Sign in or sign up to post comments.

Comments

Be the first to comment