Funded and unfunded systems - two ends of the same stick

Massimo Angrisani, Italie

The aim of this article is to give evidence that, if a Pension Fund of the defined contribution type is brought back to a “sustainable level” of liability uncovered, i. e. unfunded, and yields yearly a revenue on the pension savings equalling the asset’s interest rate plus wage’s growth rate respectively weighing as its funded and unfunded liability components on the total pension debt, then the Fund can guarantee sustainability through time.
Date: 30 May - Time: 13:45 to 15:15 - Room: 253
Theme: 3.A. Actuarial problems related to the retirement of the baby-boom