Actuarial Mathematics of Social Security Pensions

This unique and informative book provides a much-needed resource on the actuarial foundation of the financing and management of social security pensions. By focusing on the underlying mathematical theory and techniques, this volume offers a ready reference for social security actuaries. The theoretical presentation emphasizes the principles and interrelationships and elucidates the impact of the different funding approaches. The volume elaborates on the projection technique of valuation as well. Series: Quantitative Methods in Social Protection, co- published by the International Labour Office (ILO) and the International Social Security Association (ISSA).