scholarly journals Evaluation on the Sustainability of Urban Public Pension System in China

2019 ◽  
Vol 11 (5) ◽  
pp. 1418 ◽  
Author(s):  
Qing Zhao ◽  
Haijie Mi
Keyword(s):  
Pension System ◽  
Population Aging ◽  
Public Pension ◽  
Population Projections ◽  
Sensitivity Analyses ◽  
Economic Downturn ◽  
The Public ◽  
Public Pension System ◽  
Pension Payments

Against the background of population aging and economic downturn, the sustainability of pension systems has aroused great concern for governments across the world. To better reflect the pressure of pension payments in the changing context, the paper aims to forecast the annual pension gap of the public pension system for urban employees in China. By the use of Cohort-component population projections and stochastic projection models, the distribution of flow-based annual pension gap in the next fifty years are estimated under basic assumptions. The results show that the pension gap continues to exist from 2017 and keeps expanding until 2070 without any policy reform. Sensitivity analyses of demographics and various combinations of policy parameters on the distribution of future pension gaps are displayed. Wider pension coverage with lower policy threshold is more likely to face larger long-term pension gap.

Die Finanzierungslücke der Gesetzlichen Rentenversicherung in Deutschland – Eine Simulationsstudie zu Lösungsmöglichkeiten

2014 ◽  
Vol 63 (2) ◽  
Author(s):  
Steffen Bollacke
Keyword(s):  
Pension System ◽  
Population Aging ◽  
Financial Burden ◽  
Public Pension ◽  
Demographic Factor ◽  
Public Pensions ◽  
Calculation Formula ◽  
Pension Systems ◽  
Public Pension System ◽  
Reform Processes

AbstractPopulation aging challenges pay-as-you-go pension systems. Solving the associated funding problem constantly motivates reform processes. In addition to an aging population, specific regulations of the German public pension system lead to an increasing financial burden of national finances. To ensure sustainable funding of pensions, the calculation formula of the German public pension system will be investigated in this paper. It will be shown, that there are two alterable parameters, which are not optimally used regarding the funding of public pensions. Simulations show that a variable demographic factor to calculate public pensions can reduce the financial burden of national finances.

scholarly journals Some Reflections Regarding the Public Pension and The Number of Pensioners in Romania, in The Period 2010-2021

2021 ◽  
Vol 8 (1) ◽  
pp. 90-103
Author(s):  
Maria-Cristina Bălăneasa ◽  
Cătălina Dogotari
Keyword(s):  
Pension System ◽  
Public Pension ◽  
Public Pensions ◽  
Public System ◽  
The Public ◽  
Main Form ◽  
Public Pension System

The current importance of public pensions is given by the fact that this is the main form of support for inactive or unemployed people.Through this article we aim to review, in a brief way, the evolution and particularities of public pension.In particular, we want to analyze the evolution of the number of retirees in the public system, of the average pension but also of the service pensions during the years 2010-2021, in order to identify some directions for improving the public pension system.

THE ANALYTIC APPROACH FOR THE STOCHASTIC PROJECTION OF THE PUBLIC PENSION FUND

2016 ◽  
Vol 31 (2) ◽  
pp. 196-206
Author(s):  
Hyungsu Kim ◽  
Geonwoo Kim ◽  
Sungchul Lee
Keyword(s):  
Pension Fund ◽  
Pension System ◽  
Public Pension ◽  
The Public ◽  
Parameter Estimations ◽  
Public Pension System ◽  
Public Pension Fund ◽  
The Moment ◽  
Log Normal ◽  
First Moment

In this paper, we propose a stochastic method to project the public pension fund in the public pension system (PPS). For this we introduce the stochastic differential equations for the three parts: the premium revenue, the benefit expenditure, and the fund process. From these we show that the solution of the aggregated fund process is the sum of log-normals, which is approximated as one log-normal for the analytic result. Related to the parameter estimations, we implement the moment matching in the first moment. For the second moment, we apply the extreme value method following Parkinson. In order to follow Parkinson, we take the maximum and the minimum range of the fund amount based on the various sensitivity result as well as the baseline one from the deterministic projection result. In this reason, it is naturally to maintain the close interrelation with the deterministic projection result, which is very important since it is still key result in the actuarial valuation of the PPS.

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