Keyword: «insurance scheme»

Financial calculations in funded pension schemes

ART 194012

Authors:

Dmitrii Yakyshin,

Sergei Udin

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The article deals with the main approaches to the financing of pension systems. Their advantages and disadvantages are highlighted. The authors give basic formulas for calculating the funded part of the pension according to savings and insurance scheme. The results of the study of various factors influence on the amount of pension are considered.

Keywords: pension provision, distribution system, accumulation system, savings scheme, insurance scheme, actuarial calculations.