IMPLEMENTATION OF REVERSIONARY ANUITY METHOD ON PENSION PLAN
ABSTRACT: <br /> <br /> <br /> <br /> <br /> <br /> Pension is one of the application of actuarial science. Pension fund valuation sometimes needs thorough understanding of annuity. Reversionary annuity is one of the supporting theory on computing Pension F...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/5920 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | ABSTRACT: <br />
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Pension is one of the application of actuarial science. Pension fund valuation sometimes needs thorough understanding of annuity. Reversionary annuity is one of the supporting theory on computing Pension Fund. The application of Widow annuity and orphan annuity is needed in order to comply to the regulation. On this theses, there will be a brief calculation of Normal Cost (NC) or (in terms of pension valuation is) the percentage of the wage/salary that will be deducted to meet the requirement of accrued future liability, according to the regulation. Present Value (PV) of future benefit for widow and orphan-linked pension is taken into account on pension funding valuation, for the link between reversionary annuity and pension fund will then be clearly visible. |
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