McNally, Bridget and O'Connor, Thomas G. (2013) Actuarial Valuation of Pension Schemes - An Irish Perspective. National University of Ireland Maynooth. (Unpublished)

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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

Item Type:	Other
Keywords:	sensitivity; transparency; complexity;
Academic Unit:	Faculty of Social Sciences > Economics, Finance and Accounting
Item ID:	4544
Depositing User:	Ms Sandra Doherty
Date Deposited:	03 Oct 2013 14:30
Publisher:	National University of Ireland Maynooth
URI:
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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