Actuarial Practice in Social Security

"The actuarial analysis of social protection schemes is a challenge that requires a delicate balancing act between the demographic, economic, financial and actuarial fields. Actuarial practice in social security addresses this challenge by providing a practical tool for actuaries to enhance and modernize social protection systems while still maintaining this important balance." Actuarial practice in social security covers the valuation of pensions and presents a useful step-by-step account of the usual processes. It discusses the valuation of pensions, short-term cash benefits like sickness, maternity and unemployment insurance and examines the valuation of employment injury benefits as well. In addition, the book devotes special attention to what should be included in the actuarial report and presents a practical exercise to illustrate the important points discussed in the volume.


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