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This chapter deals more formally with the different funding methods for pension schemes. After explaining the general equation of actuarial equilibrium, we review the main families of methods. Finally, a simple macroeconomic model makes it possible to compare two extreme funding methods and to state the famous social security paradox.

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General Funding Systems

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  • 发表日期：

    2025年

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  • Pierre Devolder,
  • Sébastien de Valeriola

摘要

This chapter deals more formally with the different funding methods for pension schemes. After explaining the general equation of actuarial equilibrium, we review the main families of methods. Finally, a simple macroeconomic model makes it possible to compare two extreme funding methods and to state the famous social security paradox.