Yusof S.Ibrahim R.I.2024-05-292024-05-29201497807400000000094243X10.1063/1.48825262-s2.0-84904124538https://www.scopus.com/inward/record.uri?eid=2-s2.0-84904124538&doi=10.1063%2f1.4882526&partnerID=40&md5=d4b2f23374b8ceecf0087bbbb061f100https://aip.scitation.org/doi/10.1063/1.4882526https://oarep.usim.edu.my/handle/123456789/9724WOS:000341876500069Proceedings of the 3rd International Conference on Mathematical Sciences AIP Conf. Proc. 1602, 460-466 (2014); doi: 10.1063/1.4882526A 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-USAccrued Benefit Cost MethodInterest ratesMortality ratesPension costProjected Benefit Cost MethodCostsPopulation statisticsAccrued Benefit Cost MethodEmpirical studiesFinancial standardsInterest ratesMortality rateProjected Benefit Cost MethodCost benefit analysisArticle4604661602