Research on Estimation of Replacement Rate of Occupational Annuity

DOI

10.2991/icmesd-19.2019.72How to use a DOI?

Keywords

Government organizations, Public institutions, Occupational annuity, Replacement rate.

Abstract

Occupational annuity is a kind of supplementary measure of old-age security for staff of government organizations which is also an important means of promoting the reform of the pension system for public institutions. This paper quantifies the occupational pension replacement rate and puts forward some policy optimization suggestions. Firstly, it builds an annuity replacement rate calculation model. Secondly, it analyzes the variables that affect the annuity replacement rate. Through design the calculation formula of occupational annuity replacement rate, it analyzes how return rate of annuity investment and staff retirement age influence the annuity replacement rate. It finds out that delaying retirement and increasing the return on investment of annuity can impressively increase the annuity replacement rate.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Yang Yu
AU  - Lin Sun
AU  - Yuan Zhang
PY  - 2019/07
DA  - 2019/07
TI  - Research on Estimation of Replacement Rate of Occupational Annuity
BT  - Proceedings of the 5th Annual International Conference on Management, Economics and Social Development (ICMESD 2019)
PB  - Atlantis Press
SP  - 465
EP  - 470
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmesd-19.2019.72
DO  - 10.2991/icmesd-19.2019.72
ID  - Yu2019/07
ER  -