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Appendix 1: Actuarial Administration
the year-end tasks required to update data, mortality assumptions and benefit amounts. The monthly and ... beneficiary as a new retiree with the appropriate annuity value and calculate the value of the benefit ...- Authors: William Price, R Inglis
- Date: Jan 2022
- Competency: External Forces & Industry Knowledge
- Topics: Pensions & Retirement
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Appendix 2: Value Concept Illustrations
return. The concept is similar to an insured annuity, but no insurance company is needed since all the ... income will vary with investment returns and mortality experience. However, changes in income are limited ...- Authors: William Price, R Inglis
- Date: Jan 2022
- Competency: External Forces & Industry Knowledge
- Topics: Pensions & Retirement
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Appendix 3: Design Guide, Technical Guide and Technical Addendum
Income The purpose of the Variable Uninsured Life Annuity (Value) longevity pool is to provide income for ... achieved best with larger pools of retirees, good mortality data and accurate assumptions about longevity ...- Authors: R Inglis, William Price
- Date: Jan 2022
- Competency: External Forces & Industry Knowledge
- Topics: Pensions & Retirement
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Appendix 4: Illustrations for India
volatility to focus on the impact of mortality volatility and different mortality assumptions as well as the impact ... of investment returns and volatility. A new mortality table would be used each year, which is explained ...- Authors: William Price, R Inglis
- Date: Jan 2022
- Competency: External Forces & Industry Knowledge
- Topics: Pensions & Retirement
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Appendix 5: Illustrations for Malaysia
• Mortality base table based on the United Nations 2020–25 five-year central rates of mortality with ... interpolation • Mortality improvement is 1.25% per year • Mortality uncertainty o Mortality volatility ...- Authors: R Inglis, William Price
- Date: Jan 2022
- Competency: External Forces & Industry Knowledge
- Topics: Pensions & Retirement