The mortality rates observed in this paper for insured persons of the Integrated Retirement and Pensions System (Sistema Integrado de Jubilaciones y Pensiones, SIJP) are calculated for the period 2002–2006. It should be noted, however, that the study of mortality of economically active and inactive insured persons is differentiated, in both cases, by gender and age.
The study evaluates the basic information available by analysing, on the one hand, the characteristics of the original databases and, on the other, the processes used to prepare the work base required to estimate the mortality rates of SIJP insured persons and beneficiaries.
These databases account for over 35 million life–years of exposure to the risk of death and approximately 80,000 deaths for the economically active population and 13.7 million life-years of exposure to the risk of death and over 560,000 deaths for the economically inactive population identified within the SIJP framework.
The results obtained were compared with the mortality table for the entire Argentine population and with the table established by the normative standard to calculate the annuity for the Capitalization system (GAM71). A comparison was also made with the RV2004 table currently used in the Chilean Capitalization system.
The analysis of the standardised rates revealed that the mortality rates observed in the SIJP were lower than the mortality rates observed for the total population, by 49% for economically active men, 47% for economically active women, 28% for economically inactive men and by 29% for economically inactive women.
The SIJP mortality rates were also lower than the GAM71 mortality rates in all cases: by 21% for economically active men, 10% for economically active women, 20% for economically inactive men and by 23% for economically inactive women.
The comparison of the proposed table with the table for the Chilean Capitalization system, the RV2004, revealed that the mortality of SIJP affiliates was by 4% lower during the ages when men are economically active and by 24% higher for women during the same period. The SIJP mortality rates observed in economically inactive men and women were higher in both cases than the RV2004 mortality rate: by 21% higher for men and by 47% higher for women.
It is not the objective of this paper to recommend that the resulting tables should be used to calculate SIJP benefits, but rather to propose that this information could be considered in conjunction with any other pertinent information when possible modifications to the technical instruments used to make evaluations for the system are envisaged.Report:
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