Transforming the supplementary table on pension liabilities (Table 29) into an actuarial balance sheet
This article develops a methodology to (easily) transform the EU?s Table 29 into an actuarial balance sheet (ABS) and compile its associated income statement (IS). The article contains a study based on data from the most recently published Table 29 for Spain to understand its functioning for other j...
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2022 |
| País: | España |
| Institución: | Universidad de Alcalá (UAH) |
| Repositorio: | e_Buah Biblioteca Digital Universidad de Alcalá |
| Idioma: | inglés |
| OAI Identifier: | oai:ebuah.uah.es:10017/64231 |
| Acceso en línea: | http://hdl.handle.net/10017/64231 https://dx.doi.org/10.1080/09540962.2022.2144362 |
| Access Level: | acceso abierto |
| Palabra clave: | Accountability Actuarial balance sheet Income statement Pension liabilities Social security schemes Spain Table 29 Useful information Economía Empresa Economics Management science |
| Sumario: | This article develops a methodology to (easily) transform the EU?s Table 29 into an actuarial balance sheet (ABS) and compile its associated income statement (IS). The article contains a study based on data from the most recently published Table 29 for Spain to understand its functioning for other jurisdictions. With the new method, the authors found that the Spanish pension system is partially insolvent because only part of the pension entitlements are backed up by assets?showing a deterioration in sustainability from 2015 to 2018. The idea of transforming Table 29 into an ABS and compiling its associated IS has not been previously explored and it could improve people?s understanding of the public pension system and make this public indicator more useful and transparent. |
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