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A Study On Longevity Factor: The Case Of Government Pensioner In Malaysia

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dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.affiliationsUniversity of Malaya (UM)
dc.contributor.authorIbrahim, RIen_US
dc.contributor.authorSiri, Zen_US
dc.date.accessioned2024-05-29T02:59:32Z
dc.date.available2024-05-29T02:59:32Z
dc.date.issued2015
dc.descriptionInternational Journal of Business and Society, Vol. 16 No. 1, 2015, 147 - 161en_US
dc.description.abstractThere are many researches showing that the life expectancy for most countries is increasing. Since the life expectancy at a particular age tends to increase over time for male and female, the mortality risk tends to be smaller over time. Therefore it is expected that pensioners tend to live longer and thereby cause increase in pension liabilities to the government. Countries are looking for solutions to decrease the effect of increased longevity on pension costs. The most common changes are to equalize the retirement age for male and female and to rise the retirement age. Therefore, we studied the longevity factor for the government pensioner in Malaysia at age 55, 56, 57, 58, 59 and 60 years respectively. Since the pensions are paid for the rest of the pensioner's life in the event of his death and also to his spouse and child if any in the form of a derivative pension, the longevity factor for pensioner, spouse and child will be formulated and estimated separately. To formulate and estimate these factors, the theory of annuities and the Pension Law of Malaysia need to be studied.en_US
dc.description.natureFinal
dc.identifier.epage161
dc.identifier.issn1511-6670
dc.identifier.issue1
dc.identifier.scopusWOS:000366500300010
dc.identifier.scopus2-s2.0-84945259226
dc.identifier.spage147
dc.identifier.urihttp://www.ijbs.unimas.my/repository/pdf/Vol16-no1-paper10.pdf
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84945259226&partnerID=40&md5=166750a554609174fc407ba44cdd3e5d
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/11743
dc.identifier.volume16
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniv Malaysia Sarawak, FAC Economics & Businessen_US
dc.relation.ispartofInternational Journal Of Business And Societyen_US
dc.sourceWeb Of Science (ISI)
dc.subjectLife Expectancyen_US
dc.subjectMortality Risken_US
dc.subjectPension Liabilitiesen_US
dc.subjectLongevity Factoren_US
dc.subjectDerivative Pensionen_US
dc.subjectAnnuitiesen_US
dc.titleA Study On Longevity Factor: The Case Of Government Pensioner In Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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