Evaluation of liability for D&D, early retirement and pre-retirement

27 Outubro 2011, 08:00 • Fátima Pires Lima

Calculation's formula of the annual risk with disability .

Methods of financing of disability liabilities.

Determination of the reinsure's value in order to limit the annual risk with disability.

Calculation's formula of the annual risk with death while active .

Methods of financing the survival benefits.

Determination of the reinsure's value in order to limit the annual risk with death.

Liability with early-retirement and pré-retirement  benefits and respective Funding methods.

Exercises .

 

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Vested Rights in Pension Funds

20 Outubro 2011, 08:00 • Fátima Pires Lima

Resolution of exercises.

 

Classification of pension plans in accordance with the vested rights.

 

Some observations about the portability of acquired rights.

 

Formulas for calculating the actual values of the vested rights benefits and of the corresponding liabilities.

 

Normal contributions required to fund vested rights benefits, considering an annual premium, a fixed contribution as a percentage of salary, a fixed contribution in value and projected unit credit method.

 

Valuation of the liabilities with the participants who had already termite their services.

 

Value of the Minimum Fund required by the supervisory authority.

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Some considerations about actuarial assumptions

14 Outubro 2011, 08:00 • Fátima Pires Lima

Factors affecting the choice of funding method.

Population data necessary to compute the liabilities value. and demographic assumptions .

Description of the factors to consider in choosing the best estimate for the interest rate, salary scale, inflation, mortality table, disability rates, retirement age rates, turnover rates and population increments.

 

Distinction between economic assumptions

 

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Individual Methods of Funding (cont.) ans Aggregate Methods of Funding in Pension Funds

7 Outubro 2011, 08:00 • Fátima Pires Lima

Calculation of the contribution and Normal Funding in accordance with the methods Individual Level Premium, Unit  Credit (Projected, Non-Projected and Corrected) , Individual Attained Age, Aggregate, Attained Age

Resolution of an exercise regarding the evolution of the contributions and level of funding when calculated according to the methods, PAYG , IF, TF , EA ( as% of wages ) , EA (the fixed value) , PUC , NPUC , and Corrected NPUC .

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Individual methods of Funding in pension funds

26 Setembro 2011, 08:00 • Fátima Pires Lima

Transition rules, currently in force, to calculating the Portuguese Social Security pension for old age.

Rules to constitute a closed pension fund , an open pension fund and a contract of collective membership of an open pension fund .

Classification of the type of benefits.

Calculation of contribution and funding level in accordance with normal methods , Pay -as-you -go , Initial Funding, Terminal Funding and Entry Age .

 

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