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Actuarial Valuation of Pension Schemes - An Irish Perspective
McNally, Bridget; O'Connor, Thomas G.
The liabilities of a pension plan are monetary amounts to be paid at various times in the future.The current legal and regulatory framework for Irish occupational pension schemes can result in three different valuations for a scheme at any particular point in time. Using valuation models, this paper considers whether across the three different valuation bases, there is consistency in the sensitivity of the reported results to changes in the key actuarial assumptions and what are the most sensitive assumptions under each calculation basis. It questions whether this current valuation framework creates potential hazards for scheme trustees who are charged with governance of the scheme and are ultimately responsible for the key decision making processes within the scheme
Keyword(s): Economics, Finance & Accounting; sensitivity; transparency; complexity
Publication Date:
2013
Type: Other
Peer-Reviewed: No
Institution: Maynooth University
Citation(s): McNally, Bridget and O'Connor, Thomas G. (2013) Actuarial Valuation of Pension Schemes - An Irish Perspective. National University of Ireland Maynooth. (Unpublished)
Publisher(s): National University of Ireland Maynooth
File Format(s): other
Related Link(s): http://mural.maynoothuniversity.ie/4544/1/N239-13.pdf
First Indexed: 2020-01-31 06:41:18 Last Updated: 2020-04-02 07:14:11