Open AccessA DC Scheme to Maximize the Benefits of the Public Sector Employees Based on Behavioral Finance
Author(s) -
Yue Zhao
Publication year - 2021
Publication title -
region - educational research and reviews
Language(s) - English
Resource type - Journals
eISSN - 2661-4634
pISSN - 2661-4626
DOI - 10.32629/rerr.v3i2.337
Subject(s) - pension , scheme (mathematics) , business , actuarial science , investment (military) , finance , political science , mathematical analysis , mathematics , politics , law
This paper introduces DB and DC pension plans, reviews the literature of DC pension plans, and puts forward three application strategies: automatic registration default contribution rate and annual automatic growth contribution rate, the risk tolerance level of different employees was evaluated by questionnaire survey, and individual investment choice of employees with different risk tolerance.