Hostname: page-component-745bb68f8f-b95js Total loading time: 0 Render date: 2025-01-09T06:32:58.224Z Has data issue: false hasContentIssue false
  • English
  • Français

Pension Schemes and Early Retirement

Published online by Cambridge University Press:  11 August 2014

D. J. Parsons
Get access

Extract

An actuary has two major responsibilities in respect of a fully functional pension scheme:

(i) To perform (and report on) periodic actuarial investigations; these have the dual purpose of confirming the security of the members' accumulated benefits and of determining, with the agreement of the employers, an appropriate scheme of funding;

(ii) To provide tables for application to early leaver benefits for the determination of alternative options.

Much has been written on the first of these functions and I expand on this only to a limited extent in §2. This paper addresses itself more to the practical implications of the second of them and, in particular, to the early retirement option.

Type
Research Article
Information
Journal of the Staple Inn Actuarial Society , Volume 30 , December 1987 , pp. 141 - 161
Copyright
Copyright © Institute of Actuaries Students' Society 1987

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

(1) Lee, E. M. (1986). An Introduction to Pension Schemes. Institute of Actuaries & Faculty of Actuaries.Google Scholar
(2) Pensions Standards Joint Committee of the Institute and Faculty of Actuaries, Report of a Working Party on Terminology of Pension Funding Methods (1984).Google Scholar
(3) Joint Office of Inland Revenue Superannuation Funds Office and Occupational Pensions Board. Occupational Pension Schemes: Notes on approval under the Finance Act 1970 (I.R. 12).Google Scholar
(4) Joint Office of Inland Revenue Superannuation Funds Office and Occupational Pensions Board. Memorandum No. 77.Google Scholar
(5) Joint Office of Inland Revenue Superannuation Funds Office and Occupational Pensions Board. Memorandum No. 78.Google Scholar
(6) Joint Office of Inland Revenue Superannuation Funds Office and Occupational Pensions Board. Memorandum No. 80.Google Scholar