Accumulative Pension Schemes with Various Decrement Factors

Accumulative Pension Schemes with Various Decrement Factors

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We consider accumulative defined contribution pension schemes with a lump sum payment on retirement.These schemes Normally Closed Thermal Cutout differ in relation to inheritance and provide various decrement factors.For each scheme, we construct the balance equation and obtain an expression for calculation of gross Swivel Glider Accent Chair premium.Payments are made at the end of the insurance event period (survival to retirement age or death or retirement for disability within the accumulation interval).

A simulation model was developed to analyze the constructed schemes.