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Pension Funding With Time Delays and the Optimal Spread Period

Published online by Cambridge University Press:  29 August 2014

Steven Haberman
Steven Haberman*
Affiliation:
Department of Actuarial Science and Statistics, The City University, London, UK
*
Department of Actuarial Science and Statistics, The City University, Northampton Square, London ECIV GHB, UK.
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Abstract

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The paper extends earlier results by demonstrating that there is an optimal range of values for the period for amortizing valuation surpluses or deficiencies, in the case when there is a one year time delay between fixing a contribution rate and the accounting information about current fund levels. The optimal range is compared for the cases where there is no time delay and there is a one year time delay.

Keywords

Pension fundingtime delaysoptimal spread period
Type
Workshop
Information
ASTIN Bulletin: The Journal of the IAA , Volume 25 , Issue 2 , November 1995 , pp. 177 - 187
Copyright
Copyright © International Actuarial Association 1995

References

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