IDEAS home Printed from https://ideas.repec.org/p/may/mayecw/n239-13.pdf.html
   My bibliography  Save this paper

Actuarial Valuation of Pension Schemes- An Irish Perspective

Author

Listed:
  • Bridget McNally

    (Department of Economics Finance and Accounting, National University of Ireland, Maynooth)

  • Tom O'Connor

    (Department of Economics Finance and Accounting, National University of Ireland, Maynooth)

Abstract

The liabilities of a pension plan are monetary amounts to be paid at various times in the future.The current legal and regulatory framework for Irish occupational pension schemes can result in three different valuations for a scheme at any particular point in time. Using valuation models, this paper considers whether across the three different valuation bases, there is consistency in the sensitivity of the reported results to changes in the key actuarial assumptions and what are the most sensitive assumptions under each calculation basis. It questions whether this current valuation framework creates potential hazards for scheme trustees who are charged with governance of the scheme and are ultimately responsible for the key decision making processes within the scheme.

Suggested Citation

  • Bridget McNally & Tom O'Connor, 2013. "Actuarial Valuation of Pension Schemes- An Irish Perspective," Economics Department Working Paper Series n239-13.pdf, Department of Economics, National University of Ireland - Maynooth.
    • Handle: RePEc:may:mayecw:n239-13.pdf
    as

    Download full text from publisher

    File URL: http://repec.maynoothuniversity.ie/mayecw-files/N239-13.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    sensitivity; transparency; complexity;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:may:mayecw:n239-13.pdf. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/demayie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.