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2022 | 32 | nr 3 | 92--123
Tytuł artykułu

Long Term Projection of the Demographic and Financial Evolution of the Parliamentary Pension Scheme of Uganda

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
We study the Parliamentary Pension Scheme of Uganda, a hybrid cash balance scheme which is contributory. It has two categories of members, the staff of the Parliamentary Commission and the Members of Parliament. A long term projection of the scheme's demographic and financial evolution is done to asses its sustainability and fairness with respect to the two categories of members. The projection of the scheme's future members is done using non-linear regression. The distribution of future members by age states is done by Markov model using frequencies of state transition of the scheme members. We project the future contributions, accumulated funds, benefits, asset and liability values together with associated funding ratios. The results show that the fund is neither sustainable nor fair with respect to the two categories of members. (original abstract)
Rocznik
Tom
32
Numer
Strony
92--123
Opis fizyczny
Twórcy
  • Makerere University, Uganda
  • Linköping University, Sweden
autor
  • Makerere University, Uganda
  • Makerere University, Uganda
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171656478

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