Detailed View of a Payout Product of the Old-Age Pension
Saving Scheme in Slovakia
Detailed View of a Payout Product of the Old-Age Pension
Saving Scheme in Slovakia
Author(s): Jana Špirková, Gábor Szűcs, Igor KollárSubject(s): Welfare services, Public Finances, Fiscal Politics / Budgeting
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: retirement age; old-age pension product; yield curve; annuity; risk loading;
Summary/Abstract: This paper discusses a selected product of the payout phase of the old-age pension saving scheme in Slovakia which is stated by Act 43/2004 Coll. on the Old-Age Pension Saving Scheme, in Article 46. It models and analyses the amount of pension annuities in the designed product according to mortality rates, euro area yield curves, specific composition of the insurance strain, expenses and other requirements of the authorities of the European Union and Act 39/2015 Coll. Additionally, the paper provides answers to current questions about the payout phase of pension savings. It points to all aspects relating to the determination of the amount of future pensions.
Journal: Ekonomický časopis
- Issue Year: 67/2019
- Issue No: 07
- Page Range: 761-777
- Page Count: 17
- Language: English