BIS paper examines sustainability of pension schemes
A Bank for International Settlements paper published on Tuesday estimates the post-employment benefits that could be delivered by changing pension schemes in the post-crisis environment.
Srichander Ramaswamy, the paper's author, uses a simple actuarial model to estimate the costs involved in supporting occupational defined-benefit schemes and public pension schemes following a decline in equity market returns. Ramaswamy says the weak macroeconomic environment and unusually low real interest
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