IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-78965-7_34.html
   My bibliography  Save this book chapter

The Importance of Reporting a Pension System’s Income Statement and Budgeted Variances in a Fair and Sustainable Scheme

In: Mathematical and Statistical Methods for Actuarial Sciences and Finance

Author

Listed:
  • Anne Marie Garvey

    (University of Alcalá)

  • Manuel Ventura-Marco

    (University of Valencia)

  • Carlos Vidal-Meliá

    (University of Valencia
    Complutense University of Madrid)

Abstract

This paper deals with the pension system’s income statement and reporting budgeted variances in a fair and sustainable scheme. We highlight the importance of income statement presentation for monitoring the changes of solvency in a notional defined contribution (NDC) pension scheme with disability and minimum pension benefits. Using the annual report of the Swedish pension system as a benchmark (TSPS, 2019), we extend it by adding the changes for disability pensions, the value of change in the discount rate and the explicit recognition of non-contributory rights (NCRs). Our proposal integrates both contributory and social aspects of public pensions and discloses the real cost of the disability contingency and the redistribution through minimum pensions. The inclusion of information relating to deviations from budget provide useful information to users for future decision making.

Suggested Citation

  • Anne Marie Garvey & Manuel Ventura-Marco & Carlos Vidal-Meliá, 2021. "The Importance of Reporting a Pension System’s Income Statement and Budgeted Variances in a Fair and Sustainable Scheme," Springer Books, in: Marco Corazza & Manfred Gilli & Cira Perna & Claudio Pizzi & Marilena Sibillo (ed.), Mathematical and Statistical Methods for Actuarial Sciences and Finance, pages 229-234, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-78965-7_34
    DOI: 10.1007/978-3-030-78965-7_34
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:sprchp:978-3-030-78965-7_34. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.