澳大利亚公共部门养老基金:长寿选择与责任

Joelle H. Fong, J. Piggott, M. Sherris
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引用次数: 4

摘要

本文评估了公共部门固定收益计划提供者因不确定的死亡率所面临的成本和风险,包括寿命选择、死亡率改善和意外的系统冲击。利用澳大利亚养老金领取者的纵向微观数据,我们量化了总体和计划层面的长寿选择程度。我们还表明,随着养老金计划中年龄-成员结构的成熟,计划特定的寿命选择风险和系统冲击在数量上变得更加重要,并且对计划负债的影响比总选择风险或死亡率改善的影响更大。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Public Sector Pension Funds in Australia: Longevity Selection and Liabilities
This paper assesses the cost and risk faced by public sector, defined benefit plan providers arising from uncertain mortality, including longevity selection, mortality improvements, and unexpected systematic shocks. Using longitudinal micro data on Australian pensioners, we quantify the extent of longevity selection at both aggregate and scheme level. We also show that as the age-membership structure in a pension scheme matures, scheme-specific longevity selection risk and systematic shocks become quantitatively more important and have larger consequences for plan liabilities than aggregate selection risk or the impact of mortality improvements.
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