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When retirement, workers may encounter financial risk like losing regularly income. That risk can affect for their life and their family. Because of that, we have to take preventive way to avoid risk like join pension plan program. Pension plan program guarantee pensioner life with pension benefit,...

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Bibliographic Details
Main Author: ANUGRAH MAULANA (NIM: 10113018), RIEMAS
Format: Final Project
Language:Indonesia
Online Access:https://digilib.itb.ac.id/gdl/view/23971
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Institution: Institut Teknologi Bandung
Language: Indonesia
Description
Summary:When retirement, workers may encounter financial risk like losing regularly income. That risk can affect for their life and their family. Because of that, we have to take preventive way to avoid risk like join pension plan program. Pension plan program guarantee pensioner life with pension benefit, so pensioner can enjoy their old day like in the past. In managing pension fund, we have to calculate the fund correctly so it will be sufficient for its liability. Fixed interest assumption usually used, but that may some risks because in reality interest fluctuation happened. Because of that, in this final project will be discussed about the difference calculate with fixed interest and stochastic interest assumption. At the end of the project, will be analysed relation of pension benefit, difference of pension savings and reserves based on assumption that we used.