SINGAPORE'S LIFE PROGRAM: ACTUARIAL FRAMEWORK, LONGEVITY RISK AND IMPACT OF ANNUITY FUND RETURN

Kwong Koon-Shing; Tse Yiu-Kuen; Chan Wai-Sum

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SINGAPORE'S LIFE PROGRAM: ACTUARIAL FRAMEWORK, LONGEVITY RISK AND IMPACT OF ANNUITY FUND RETURN

机译：新加坡的生命计划：精算框架，长寿风险和年金资金回报的影响

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The Central Provident Fund (CPF) is a defined-contribution savings plan forming the key pillar of the pension system in Singapore. The CPF Lifelong Income For the Elderly (LIFE) program, which provides lifetime income for retirees, is a mandatory pension scheme for all Singapore residents. In this paper we construct an actuarial framework to analyze the LIFE program. We use this framework to study the plan payout outcomes with respect to changes in mortality and annuity fund return assumptions. We also examine the effects of some possible changes in the program on the payouts and bequests.

机译：中央公积金（CPF）是一项裁定捐助储蓄计划，形成新加坡养老金制度的关键支柱。为退休人员提供寿命收入的老年人（Life）计划的CPF终身收入是所有新加坡居民的强制性养老金计划。在本文中，我们构建了一项精算框架来分析生命计划。我们使用本框架来研究符合死亡率和年金资金返回假设的变化的计划支付结果。我们还研究了在支付和遗赠方案中一些可能变化的影响。

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来源
《The Singapore economic review》 |2021年第5期|1355-1371|共17页
作者
Kwong Koon-Shing; Tse Yiu-Kuen; Chan Wai-Sum;
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作者单位

Singapore Management Univ Sch Econ 90 Stamford Rd Singapore 178903 Singapore;

Singapore Management Univ Sch Econ 90 Stamford Rd Singapore 178903 Singapore;

Chinese Univ Hong Kong Dept Finance Sha Tin 12 Chak Cheung St Hong Kong Peoples R China;

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原文格式 PDF
正文语种 eng
中图分类
关键词
Life annuity; inflation risk; investment returns; longevity risk;

机译：生活年金;通胀风险;投资回报;长寿风险;

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SINGAPORE'S LIFE PROGRAM: ACTUARIAL FRAMEWORK, LONGEVITY RISK AND IMPACT OF ANNUITY FUND RETURN

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