Actuarial inputs and the valuation of public pension liabilities and contribution requirements a simulation approach Gang Chen and David S. T. Matkin
By: Chen, Gang
.
Contributor(s): Matkin, David S. T.
Material type: 
ArticlePublisher: 2017Subject(s): PENSIONES | EVALUACION | MODELOS DE SIMULACIÓN
In:
Public Budgeting & Finance ; v. 37, n. 1, Spring 2017, p. 68-87Summary: There are significant concerns about the financial condition of public pensions in U.S.state and local governments. To date, studies of public pensions have given limited attention to the effect of actuarial inputs on the valuation of pension liabilities and contribution requirements. This paper uses a simulated public pension system to examine the sensitivity of actuarial input changes on funding ratios and contribution requirements. We examine instantaneous and lagged effects, marginal and interactive effects, and effect under differentfunding conditions and demographic profiles. Thefindings emphasize the difficulty of conducting cross-sectional analysis of public pension systems and point to several important considerations for future research.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| IEF | OP 1716/2017/1-4 (Browse shelf) | Available | OP 1716/2017/1-4 |
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There are significant concerns about the financial condition of public pensions in U.S.state and local governments. To date, studies of public pensions have given limited attention to the effect of actuarial inputs on the valuation of pension liabilities and contribution requirements. This paper uses a simulated public pension system to examine the sensitivity of actuarial input changes on funding ratios and contribution requirements. We examine instantaneous and lagged effects, marginal and interactive effects, and effect under differentfunding conditions and demographic profiles. Thefindings emphasize the difficulty of conducting cross-sectional analysis of public pension systems and point to several important considerations for future research.
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