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Objectives and Methods of Funding Defined Benefit Pension Schemes

Published online by Cambridge University Press:  03 October 2014

D. J. D. McLeish  and
C. M. Stewart
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Extract

1.1. As every actuarial student is taught:

“Pay-as-you-go is acceptable for a State pension scheme because the State is, for practical purposes, assured of a continuing existence”.

However:

“The position is quite different in the case of an occupational scheme, since an employer's business may cease to exist”.

Information

Type
Research Article
Information
Transactions of the Faculty of Actuaries , Volume 40 , 1985 , pp. 338 - 424
Copyright
Copyright © Institute and Faculty of Actuaries 1985

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References

(1) Lee, E. M. An Introduction to Pension Schemes.Google Scholar
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