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Objectives and Methods of Funding Defined Benefit Pension Schemes

Published online by Cambridge University Press:  03 October 2014

D. J. D. McLeish  and
C. M. Stewart
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Extract

1.1. As every actuarial student is taught:

“Pay-as-you-go is acceptable for a State pension scheme because the State is, for practical purposes, assured of a continuing existence”.

However:

“The position is quite different in the case of an occupational scheme, since an employer's business may cease to exist”.

Type
Research Article
Information
Transactions of the Faculty of Actuaries , Volume 40 , 1985 , pp. 338 - 424
Copyright
Copyright © Institute and Faculty of Actuaries 1985

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References

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