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http://dx.doi.org/10.7465/jkdi.2014.25.1.131

A financial projection model on defined benefit pension plan  

Han, Jeonglim (National Pension Research Institute)
Lee, Hangsuck (Department of Actuarial Science/Mathematics, SungKyunKwan University)
Publication Information
Journal of the Korean Data and Information Science Society / v.25, no.1, 2014 , pp. 131-153 More about this Journal
Abstract
The Korean market of pension plans has recently increased and pension plans will be expected to play an important role in the retirement system as complement of the national pension system in the future. However, there are a few of research papers on actuarial projections of pension plans. This paper will discuss a long-term financial projection on defined pension plans using data based on the national pension workplace participants. Previous researches focused on company-based financial projection of pension plan. But, this paper concerns on total Korean pension participants and suggests a method to calculate future financial projection of total pension plans. Finally, this research will suggest several numerical results of normal costs, benefits, numbers of workers, etc.
Keywords
Defined benefit; financial projection; normal cost; numbers of workers; pension plan;
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Times Cited By KSCI : 1  (Citation Analysis)
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