Collective Defined Contribution Schemes as an Alternative to Pension Plans
Traditional pension plans, such as defined contribution and defined benefit, face several risks: being the most known, the increase of the life expectancy. To reduce this risk, many hybrid pensions plans have been proposed, to mitigate this risk. The objective of this study is to explore the financi...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2022 |
| País: | México |
| Institución: | Universidad Autónoma de Querétaro |
| Repositorio: | Redalyc-UAQ |
| OAI Identifier: | oai:redalyc.org:571869209004 |
| Acceso en línea: | https://www.redalyc.org/articulo.oa?id=571869209004 https://www.redalyc.org/journal/5718/571869209004/ https://www.redalyc.org/journal/5718/571869209004/html/ https://www.redalyc.org/journal/5718/571869209004/571869209004.epub https://www.redalyc.org/journal/5718/571869209004/movil https://doi.org/10.32870/myn.vi45.7651 |
| Access Level: | acceso abierto |
| Palabra clave: | Multidisciplinarias (Ciencias Sociales) Pensions financial viability actuarial viability collective defined contribution |
| Sumario: | Traditional pension plans, such as defined contribution and defined benefit, face several risks: being the most known, the increase of the life expectancy. To reduce this risk, many hybrid pensions plans have been proposed, to mitigate this risk. The objective of this study is to explore the financial and actuarial sustainability of a hybrid pension plan known as collective defined contribution (CDC) by accumulating a pension fund with the methodology found in Aon (2020). The results of the simulations in this study show that the replacement rate defined in the design of a CDC pension plan is reached by all the members in the plan. Moreover, that through the same pension fund, deficits and gains are financed by it.Jel code: J08, J26. |
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