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A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits |
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| Authors: | Juan M Pérez‐Salamero González Manuel Ventura‐Marco Carlos Vidal‐Meliá |
| Affiliation: | University of Valencia, Spain |
| Abstract: | This article proposes a “Swedish” type actuarial balance sheet (ABS) for a notional defined contribution (NDC) scheme with disability and minimum pension benefits. The proposed ABS splits the pension system in two parts: the pure NDC part and the redistributive part, which includes the assets and liabilities originating from non‐contributory rights. The article contains a numerical example that sheds light on the real applicability of our proposal. The model has practical implications that could be of interest to policy‐makers, given that it integrates actuarial and social aspects of public pensions and discloses the real cost of redistribution through minimum pensions. |
| Keywords: | old age risk notional defined contribution pay as you go system pension scheme retirement risk of disability adequacy accounting Sweden risque vieillesse ré gime à cotisations dé finies notionnelles systè me par ré partition ré gime de pension retraite risque invalidité adé quation comptabilité Suè de international riesgo de vejez ré gimen de cotizaciones definidas teó ricas sistema de reparto ré gimen de pensió n jubilació n riesgo de invalidez adecuació n contabilidad Suecia internacional Altersrisiko Nominelle Beitragsbestimmte Systeme Umlageverfahren Rentensystem Ruhestand Invaliditä tsrisiko Angemessenheit Buchhaltung Schweden international |
