Actuarial Methods in Supplementary Pensions Insurance in Slovakia Cover Image

Aktuárske metódy v doplnkovom dôchodkovom poistení na Slovensku
Actuarial Methods in Supplementary Pensions Insurance in Slovakia

Author(s): Mária Bilíková, Lea Škrovánková
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: Slovakia; pensions; supplementary pensions; actuarial methods; pension companies; benefits of supplementary pensions; member’s share of the investment return

Summary/Abstract: In this paper we describe the actuarial methods used by the four Slovak companies offering supplementary pensions at the present time: Tatry-Sympatia, Stabilita, Pokoj and Credit Suisse Life & Pensions. We concentrate on the actuarial methods used to calculate the value of the different types of pension and lumpsum benefits offered to members. The methods are described with the help of formulae with appropriate comments. The formulae used for the calculation of the member’s share of the investment return obtained by the companies on their assets are also covered. The paper ends by considering the results achieved by the supplemetary pension schemes and hence the desirability of their continuing development.

  • Issue Year: 52/2004
  • Issue No: 03
  • Page Range: 315-324
  • Page Count: 10
  • Language: Slovak