Pension plans: technical and financial perspectives

  • Annamaria OlivieriEmail author
  • Ermanno Pitacco


In this Chapter we examine some features of private pension programmes, namely those arrangements providing a post-retirement income in addition to the public pension. As we will see, a private pension plan can be designed either on an individual or a group basis. Although in the modern forms the funding of benefits is always realized on individual basis, group pension plans allow for a funding arrangement based on solidarity principles. The post-retirement income is the basic benefit of a pension plan; however, several rider benefits can be underwritten, covering risks to which an individual is exposed either before or after retirement.


Life Insurance Pension Plan Pension Income Longevity Risk Life Annuity 
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© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Dipartimento di EconomiaUniversità di ParmaParmaItaly
  2. 2.Dipartimento di Scienze Economiche, Aziendali, Matematiche e StatisticheUniversità di TriesteTriesteItaly

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