Contents |
[edit]
Course Title
Pension Fund Mathematics
[edit]
Course Code
IAM 583
[edit]
Credit
(3-0) 3
[edit]
Prerequisites
Consent of instructors
[edit]
Content
Risk theory for pension funds. Pension schemes for active and retired lives.Valuation of pension plans. Funding Methods:Unit Credit, Attained Age, Entry Age Normal and other Methods.Contributory and Benefit Plans Aims: Introduce the actuarial cost and contributory plan concepts, theory and methods for pension funds.
[edit]
Suggested Textbooks
- A.W. Anderson, "Pension Mathematics for Actuaries" ACTEX Publications, 1992
- Bowers, N.L., Gerber, H.U., Hickman, J.C., Jones, D.A., Nesbitt, C.J., "Actuarial Mathematics", The Society of Actuaries, 1997
[edit]
Outline
Actuarial basis and the basic model for pension funds. Actuarial cost and funding Contributory plans Pension scheme benefits Investment and management of assets for pension funds
[edit]
Resources
- Beard, R.E., Pentikainen, T., Pesonen, E., "Risk Theory, The Stochastic Basis of Insurance", Chapman and Hall, 1994
- R.Booth, R.Chadburn, D.Cooper, S. Haberman, D.James, "Modern Actuarial Theory and Practice" , Chapman and Hall, 1999
- C.D. Daykin, T. Pentikainen, M. Pesonen, "Practical Risk Theory for Actuaries", Chapman and Hall, 1994
- H.U. Gerber, "Life Insurance Mathematics", Springer, 1997
- W-R. Heilmann, "Fundamentals of Risk Theory", WW Karlsruhe, 1988
- L.Workman, "Mathematical Foundations of Life Insurance", LOMA-Life Office Management Association, 1992