Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 1 (15) Number 3 pp. 78-89

Marek Szczepański

Poznań Univeristy of Technology, Faculty of Engineering Management, Poznań, Poland

Longevity risk and the design of the Polish pension system

Abstract:

The aim of this article is an analysis of the design of the Polish pension system in its benefits phase (decumulation of the collected pension capital) in the context of longevity risk management. The object of the research involves both the public pension system (including the latest legal amendments related to the collection and payment of pension capital from pension funds) and supplementary pension schemes: occupational
pension schemes, individual retirement accounts and individual accounts for retirement security. The main question which the author addresses is whether the current Polish pension system is more resistant to the risk of longevity in its present legal and institutional design than the previous Polish public pension scheme, based on PAYG financing method and a defined benefit formula for the calculation of pension benefits.
 

pub/2015_3_78.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume15/issue3/2015_3_78.pdf
Keywords: the risk of a longer than expected life expectancy (longevity risk), average life expectancy, pension systems

DOI: 10.18559/ebr.2015.3.6

For citation:

MLA Szczepański, Marek. "Longevity risk and the design of the Polish pension system." Economics and Business Review EBR 15.3 (2015): 78-89. DOI: 10.18559/ebr.2015.3.6
APA M., S. (2015). Longevity risk and the design of the Polish pension system. Economics and Business Review EBR 15(3), 78-89 DOI: 10.18559/ebr.2015.3.6
ISO 690 SZCZEPAńSKI, Marek. Longevity risk and the design of the Polish pension system. Economics and Business Review EBR, 2015, 15.3: 78-89. DOI: 10.18559/ebr.2015.3.6