Overview
- Offers actuarial models and analyses of five old-age pension saving products
- Discusses products used in practice and possibly relevant for the pan-European personal pension product (PEPP)
- Compares the discussed pension products and their advantages and disadvantages
Part of the book series: SpringerBriefs in Statistics (BRIEFSSTATIST)
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Table of contents (6 chapters)
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Front Matter
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Part I
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Front Matter
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Part II
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Front Matter
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Part III
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Front Matter
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Back Matter
Keywords
About this book
This book discusses the payout phase of the old-age pension saving scheme, the so-called effective premium, and offers detailed actuarial models and analyses of five old-age pension saving products used in practice. These include the basic permanent monthly annuity, without any benefits for survivors, as well as products which, in addition, also include benefits for survivors or authorized persons in the event of the pensioner’s death. The purpose of the book is to point out the method of determining future old-age pensions from old-age pension savings, and to present the advantages and disadvantages of such a pension. The book also emphasizes the role of the profitability testing of the products and answers questions concerning the effectiveness of old-age pension savings and insurance. The book is primarily intended for students of actuarial and financial mathematics and future economists.
Authors and Affiliations
About the authors
Jana Špirková is an Associate Professor at the Department of Quantitative Methods and Information Systems, Faculty of Economics, Matej Bel University in Banská Bystrica, Slovakia. Her research focuses on fuzzy set theory, aggregation functions, and actuarial mathematics. She is a member of the European Society for Fuzzy Logic and Technology, Slovak Society of Actuaries and a chairman of a local branch of the Union of Slovak Mathematicians and Physicists.
Igor Kollár is an Assistant Professor at the Department of Quantitative Methods and Information Systems, Faculty of Economics, Matej Bel University in Banská Bystrica, Slovakia. He works in the field of information systems, SAP, data processing and modelling using different tools.
Gábor Szűcs is an Assistant Professor at the Department of Applied Mathematics and Statistics, Faculty of Mathematics, Physics and Informatics, Comenius University in Bratislava, Slovakia. He works in the field of mathematical modelling of pension fund systems and insurance risk factors. He is a member of the Slovak Statistical and Demographic Society and of the Slovak Society of Actuaries.
Pavel Zimmermann is an Assistant Professor at the Department of Information Technologies, Faculty of Informatics and Statistics, Prague University of Economics and Business, Czech Republic. His research focuses on actuarial mathematics, demographical models and machine learning. He also has practical experience as an insurance risk manager and a risk model developer. He works as a partner and actuarial consultant in Tools4F. He is a member of Czech Society of Actuaries and Fellow of an International Actuarial Association Organization.
Bibliographic Information
Book Title: Selected Payout Products of the Old-Age Pension Saving Scheme
Authors: Jana Špirková, Igor Kollár, Gábor Szűcs, Pavel Zimmermann
Series Title: SpringerBriefs in Statistics
DOI: https://doi.org/10.1007/978-3-031-23849-9
Publisher: Springer Cham
eBook Packages: Mathematics and Statistics, Mathematics and Statistics (R0)
Copyright Information: The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Softcover ISBN: 978-3-031-23848-2Published: 22 February 2023
eBook ISBN: 978-3-031-23849-9Published: 21 February 2023
Series ISSN: 2191-544X
Series E-ISSN: 2191-5458
Edition Number: 1
Number of Pages: XII, 70
Number of Illustrations: 11 b/w illustrations
Topics: Statistics for Business, Management, Economics, Finance, Insurance, Financial Services, Applications of Mathematics