Optimization of the Actuarial Model of Defined Contribution Pension Plan | Zendy

Yan Li | Zendy; Yuchen Huang | Zendy; Yancong Zhou | Zendy

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Optimization of the Actuarial Model of Defined Contribution Pension Plan

Author(s) -

Yan Li,

Yuchen Huang,

Yancong Zhou

Publication year - 2014

Publication title -

discrete dynamics in nature and society

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.264

H-Index - 39

eISSN - 1607-887X

pISSN - 1026-0226

DOI - 10.1155/2014/576213

Subject(s) - pension , pension plan , actuarial science , order (exchange) , investment (military) , plan (archaeology) , economics , rate of return , econometrics , finance , archaeology , politics , political science , law , history

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

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