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Assumptions in the actuarial evaluation process
Review of the European Union methodology for age-related expenditure projections
Assumptions in the actuarial evaluation process

The main purpose of this paper is to:

  • present the overall  context within which the 2009 exercise of age-related expenditure  projections in all EU M-S (M-S) was conducted;
  • provide a brief  description of the underlying assumptions used and projection  methodologies adopted in the pensions and health care expenditure  projections;
  • present the 2009 pension projection results for  Greece and Cyprus; and 
  • identify the main areas for improvement  in the Ageing Working Group (AWG) projection methodologies by assessing  their compatibility with standard actuarial practice methodologies.
Report:
Author: Marianna Papamichael, Costas Stavrakis
ISSA, Switzerland 2009
Topics: Social security financing
Events: 16th International Conference of Social Security Actuaries and Statisticians
Regions: International
Language: English

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