Publication:
Empirical Study on Impact of Demographic and Economic Changes on Pension Cost

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dc.Conferencecode106205
dc.Conferencedate17 December 2013 through 19 December 2013
dc.ConferencelocationKuala Lumpur
dc.Conferencename3rd International Conference on Mathematical Sciences, ICMS 2013
dc.FundingDetailsMinistry of Higher Education: FRGS/1/2011/SG/USIM/02/3
dc.contributor.affiliationsFaculty of Science and Technology
dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.authorYusof S.en_US
dc.contributor.authorIbrahim R.I.en_US
dc.date.accessioned2024-05-29T01:55:36Z
dc.date.available2024-05-29T01:55:36Z
dc.date.issued2014
dc.descriptionProceedings of the 3rd International Conference on Mathematical Sciences AIP Conf. Proc. 1602, 460-466 (2014); doi: 10.1063/1.4882526en_US
dc.description.abstractA continuation of the same financial standard of living after retirement as before is very importance to retired person. The pension provider has a responsibility to ensure their employees receive the sufficient benefit after retirement and regularly monitor the factors that cause insufficient funds to pay benefit to retirees. Insufficient funds may be due to increased in pension cost. Some of the factors that increase the cost of pensions are changes in mortality rates and interest rates. This study will used these two factors to determine their sensitivity to pension cost. Two methods which are Accrued Benefit Cost Method and Projected Benefit Cost Method will be used to estimate pension cost. Interest rates has a inversely related to pension cost while mortality rates has a directly related to pension cost. � 2014 AIP Publishing LLC.en_US
dc.description.natureFinal
dc.identifier.doi10.1063/1.4882526
dc.identifier.epage466
dc.identifier.isbn9780740000000
dc.identifier.isiWOS:000341876500069
dc.identifier.issn0094243X
dc.identifier.scopus2-s2.0-84904124538
dc.identifier.spage460
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84904124538&doi=10.1063%2f1.4882526&partnerID=40&md5=d4b2f23374b8ceecf0087bbbb061f100
dc.identifier.urihttps://aip.scitation.org/doi/10.1063/1.4882526
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/9724
dc.identifier.volume1602
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherAmerican Institute of Physics Inc.en_US
dc.relation.conferenceProceedings Of The 3rd International Conference On Mathematical Sciencesen_US
dc.relation.ispartofAIP Conference Proceedingsen_US
dc.sourceScopus
dc.subjectAccrued Benefit Cost Methoden_US
dc.subjectInterest ratesen_US
dc.subjectMortality ratesen_US
dc.subjectPension costen_US
dc.subjectProjected Benefit Cost Methoden_US
dc.subjectCostsen_US
dc.subjectPopulation statisticsen_US
dc.subjectAccrued Benefit Cost Methoden_US
dc.subjectEmpirical studiesen_US
dc.subjectFinancial standardsen_US
dc.subjectInterest ratesen_US
dc.subjectMortality rateen_US
dc.subjectProjected Benefit Cost Methoden_US
dc.subjectCost benefit analysisen_US
dc.titleEmpirical Study on Impact of Demographic and Economic Changes on Pension Costen_US
dc.typeArticleen_US
dspace.entity.typePublication

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