Centro de Documentacion de Fundación MAPFRE - Longevity selection and liabilities in public sector pension funds

MAP20150015112

Longevity selection and liabilities in public sector pension funds / Joelle H. Fong, John Piggott, Michael Sherris

Sumario: This article 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 microdata 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

En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 02/03/2015 Volumen 82 Número 1 - marzo 2015 , p. 33-64

1. Fondos de pensiones . 2. Longevidad . 3. Sector público . 4. Mortalidad . 5. Australia . I. Piggott, John . II. Sherris, Michael . III. Título.