| Title | Projections of pension benefits in supplementary pension saving scheme in Slovakia
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| Author info | Michal Mešťan, Ivan Králik ... [et al.]
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| Author | Mešťan Michal 1991- (40%) UMBEF04 - Katedra financií a účtovníctva
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| Co-authors | Králik Ivan 1992- (35%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Žofaj Matej 1992- (10%) UMBEF01 - Katedra cestovného ruchu
Karkošiaková Nikola 1990- (10%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Kabašinskas Audrius (5%)
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| Source document | Central European Journal of Operations Research. Vol. 29, no. 2 (2021), pp. 687-712. - Heidelberg : Springer Nature Switzerland AG, 2021
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| Keywords |
DC pension schemes
IORP II Directive
Pension Benefit Statement
retirements
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| Form. Descr. | články - journal articles
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| Language | English
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| Country | Germany
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| Annotation | New Institutions for Occupational Retirement Provision Directive, effective since 2019, lays down new information requirements for all pension providers across the EU. The directive requires providers to supply their members and savers with a Pension Benefit Statement on a regular basis. The Pension Benefit Statement should inter alia contain the projections of future pension benefits that can reasonably be expected at the moment of retirement. However, the directive does not provide any further technical specification on the methods and processes of pension benefit projections. Our motivation is to contribute to this issue and present possible approaches on pension benefit projections. The complexity of pension benefit projections requires consideration of not only expected returns on various asset categories, but also the correlation between other variables such as expected life-cycle income or decisions on the default saving strategy. Our results provide indications on the possible solutions and compare the projected pension benefits using three simulation methods with back-tested results using real supplementary pension funds operating in Slovakia.
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| URL | Link na plný text
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| Public work category | ADM
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| No. of Archival Copy | 50055
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| Repercussion category | SAFAR, Leoš - GLOVA, Jozef - ANDREJOVSKÁ, Alena - SOPKO, Jakub. Effects of quantitative easing announcements on equities : EU evidence. In Ad alta : journal of interdisciplinary research. ISSN 1804-7890, 2020, vol. 10, no. 2, pp. 83-90.
SLEZÁKOVÁ, Andrea - VIŠŇOVSKÝ, Martin. De lege ferenda considerations on potential institutes increasing participation in supplementary pension savings. In Horizons of law in business and finance : conference proceedings 15th international scientific conference „Law in business of selected member states of the European Union", 25th-27th October 2023, Prague. 1. vyd. Bucharest : International academic publisher, 2023. ISBN 978-606-95862-2-8, pp. 200-216.
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| Catal.org. | BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
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| Database | xpca - PUBLIKAČNÁ ČINNOSŤ
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| References | PERIODIKÁ-Súborný záznam periodika
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