Actuarial Perspectives on Defined Benefit Pension Risk -- Modeling Emerging Issues

Distribution of Pension Benefits on Divorce: Some Unresolved Actuarial Issues

Optimal risk management in defined benefit stochastic pension funds

We consider a continuous time dynamic pension funding model in a defined benefit plan of an employment system. The benefits liabilities are random, given by a geometric Brownian process. Three different situations are studied regarding the investment decisions taken by the sponsoring employer: in the first, the fund is invested at a constant, risk-free rate of interest; in the second, the promo...

A Defined Benefit Pension Fund ALM Model through Multistage Stochastic Programming

We consider an asset-liability management (ALM) problem for a defined benefit pension fund (PF). The PF manager is assumed to follow a maximal fund valuation problem facing an extended set of risk factors:  due to the longevity of the    PF members, the inflation affecting salaries in real terms and future incomes, interest rates and market factors affecting jointly the PF liability and asset p...

emerging issues and perspectives in boundary studies

introduction as a dynamic phenomenon, boundary is one of the basic issues in political geography and geopolitics. it is not a geographical and fixed phenomenon; rather, it has its own internal dynamic features, creates new realities, and affects the lives of people and groups living in its vicinity. different types of boundaries, such as political, social, economic, and virtual can be impenetra...

Actuarial-based Public Pension Systems