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Controlling a demographic wave in defined contribution pension systems

References [1] M. ANGRISANI. Funded and unfunded systems: two ends of the same stick. 28th International Congress of Actuaries PARIS: ICA , 2006. [2] M. ANGRISANI. The logical sustainability of the pension system. Pure Mathemathics and Applications , 19:67–81, 2008. [3] M. ANGRISANI, A. ATTIAS, S. BIANCHI, and Z. VARGA. Sustainability of a pay-as-you-go pension system by dynamic immigration control. Applied Mathematics and Computation , 219(5):2442–2452, 2012. [4] M. ANGRISANI and C. DI PALO. An extension of aaron’s sustainable rate of

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The Logical Sustainability Theory for pension systems: the discrete-time model in a stochastic framework under variable mortality

References [1] M. Angrisani, Funded and unfunded systems: two ends of the same stick, in: 28 th International Congress of Actuaries, PARIS: ICA 2006, 2006. [2] M. Angrisani, The logical sustainability of the pension system, Pure Mathematics and Applications 19 (2008) 67–81. [3] H. Aaron, The Social Insurance Paradox, The Canadian Journal of Economics and Political Science/Revue canadienne de Economiques et Science Politique 32 (03) (1966) 371–374. [4] N. Barr, Reforming pensions: Myths, truths, and policy choices, International Social

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The optimal rate of return for defined contribution pension systems in a stochastic framework

References [1] J. F. Jimeno, J. A. Rojas, S. Puente, Modelling the impact of aging on social security expenditures, Economic Modelling 25 (2) (2008) 201–224. [2] D. A. Robalino, A. Bodor, On the financial sustainability of earnings-related pension schemes with ‘pay-as-you-go’ financing and the role of government-indexed bonds, Journal of Pension Economics and Finance 8 (02) (2009) 153–187. [3] H. Wang, B. Koo, C. O’Hare, Retirement planning in the light of changing demographics, Economic Modelling 52 (2016) 749–763. [4] A. J. Auerbach, R

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Pension Payment as A Critical Infrastructure

Abstract

In the following the role and contribution of vehicle dynamics simulation to the development of race cars at the Faculty of Engineering of the University of Debrecen is presented. The application of the developed simulation program for the optimization of the car’s technical data, together with the principle and method of optimization, is also described here.

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Pension Payment as A Critical Infrastructure

Abstract

Today, the state, its organizations and its citizens have become vulnerable to the complexity of complex electronic information systems in the cyberspace of Hungary, without which state operations and the provision and use of different services become unworkable. In addition to the modern economic system, society is not prepared to operate without lost infrastructure, assets or services, so they must clearly be protected especially because the information used and generated in their operation and the data managed represent significant assets.

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Estimation and Calculation Procedures of the Technical Provisions for Outstanding Insurance Claims

Abstract

The paper presents algorithms for insurance technical provisions taking into account losses, which are incurred but not reported. Evaluation of insurance technical provisions for the kinds of insurance, such as Motor Third Party Liability (MTPL) Insurance, Property Insurance and some others, have difficulties in assessing the impact of the losses from insurance claims incurred requiring a longer time for the settlement of insurance claims. These insurance requirements are mainly associated with health insurance in the MTPL Insurance, losses related to compensation for moral injuries, as well as on life care and life-long pension. To run these payments, you need to know the financial indicators for the period of settlement of loss (such as the effective interest rate, investment income, etc.) In the article the procedures for the most accurate forecast possible losses for the expected excess of loss amount for a treaty year are provided, using the loss experience of the previous years of the occurrence with their development. However, certain adjustments should be made to take account of the impact of losses from previous years for the current period. This article describes how outstanding losses have to be projected on a year of reporting, so that they are correspond to the current values

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