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Selected Payout Products of the Old-Age Pension Saving Scheme (SpringerBriefs in Statistics)

By: Gabor Szucs (Author) , Igor Kollar (Author) , Jana Spirkova (Author) , Pavel Zimmermann (Author)

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Ksh 10,250.00

Format: Paperback or Softback

ISBN-10: 3031238486

ISBN-13: 9783031238482

Collection / Series: SpringerBriefs in Statistics

Collection Type: Publisher collection

Edition statement: 1st ed. 2023

Publisher: Springer International Publishing AG

Imprint: Springer International Publishing AG

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Feb 22nd, 2023

Publication Status: Active

Product extent: 70 Pages

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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.

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.


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