2 papers
q-fin.RM2026
Mortality Heterogeneity and Actuarial Fairness in China's Notional Defined Contribution Pension System
Xiaoyu Dong, Hong Li, Kenneth Q. Zhou +1
We study actuarial fairness in China's notional defined contribution (NDC) pension system when mortality differs across income groups. Under current rules, individual account balan…
q-fin.PR2017
Valuation of a Bermudan DB underpin hybrid pension benefit
Xiaobai Zhu, Mary Hardy, David Saunders
In this paper we consider three types of embedded options in pension benefit design. The first is the Florida second election (FSE) option, offered to public employees in the state…