Fairness versus efficiency of pension schemes

Date: April 21, 2010

Author: Esben Masotti Kryger (ATP)

Published in: European Actuarial Journal (2011) 

Abstract: 

The benefits that members of with-profits pension schemes obtain are determined by the scheme design and the controlled funding level at the time of entry. This paper examines efficiency and intergenerational fairness of with-profits pension schemes.