Exploration of pension funding in case of exact vesting
dc.contributor.author | Nesbitt, Cecil J. | en_US |
dc.date.accessioned | 2006-04-07T17:47:48Z | |
dc.date.available | 2006-04-07T17:47:48Z | |
dc.date.issued | 1982-10 | en_US |
dc.identifier.citation | Nesbitt, Cecil J. (1982/10)."Exploration of pension funding in case of exact vesting." Insurance: Mathematics and Economics 1(4): 255-260. <http://hdl.handle.net/2027.42/23850> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6V8N-45S97TN-F/2/dc24709845a55346f010009d1cceaccc | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/23850 | |
dc.description.abstract | A pension plan is said to be exactly vested if it provides in addition to the benefit available upon retirement, a benefit, upon termination for any cause prior to retirement, which is exactly equivalent to the actuarial accured liability for the terminating participant.The concept of exact vesting has simple application in defined contribution plans such as those of the Teachers Insurance and Annuity Association. It is also feasible to develop the exact vesting concept for a defined benefit plan which uses an individual type of actuarial cost method. An exactly vested plan would have more individual equity than is available under customary vesting and early retirement provisions of defined benefit plans.In this paper, theory is developed for an exactly vested model plan in parallel to the theory for a pure pension model plan discussed in previous papers on pension funding dynamics. | en_US |
dc.format.extent | 636122 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | Exploration of pension funding in case of exact vesting | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Actuarial Education and Research Fund. c/o University of Michigan, Department of Mathematics, Ann Arbor, MI 48109, USA | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/23850/1/0000089.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/0167-6687(82)90025-7 | en_US |
dc.identifier.source | Insurance: Mathematics and Economics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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