📖 Model options for old-age mandatory annuities. Solutions for the annuity phase for the partly funded pension systems.

With great probability the now marginal life annuities becomes an important product in some region of the World within a decade. The reason for the change among many other factors is primarily found in the actual demographic trends and the funding reform of Social Security in the past one-two decades. In the course of these reforms, mandatory individual pension account was introduced, which must be converted into life annuities after a certain period of time. Considering the importance and the complexity of the mandatory life annuities, it is a bit strange, that one can hardly find literature dealing with the subject. Take into consideration some of the existing regulations on these products, the decision makers would really need a guideline about what is possible and what isn’t and how it should establish a coherent regulation. This book intends to help designing a non-contradictory, comprehensive framework and wants be an overall monograph of the topic.