{"title":"Objectives and Methods of Funding Defined Benefit Pension Schemes","authors":"D. J. McLeish, C. M. Stewart","doi":"10.1017/S007136860000923X","DOIUrl":null,"url":null,"abstract":"1.1. As every actuarial student is taught: “Pay-as-you-go is acceptable for a State pension scheme because the State is, for practical purposes, assured of a continuing existence”. However: “The position is quite different in the case of an occupational scheme, since an employer's business may cease to exist”.","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"33 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1987-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"22","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transactions of the Faculty of Actuaries","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1017/S007136860000923X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 22
Abstract
1.1. As every actuarial student is taught: “Pay-as-you-go is acceptable for a State pension scheme because the State is, for practical purposes, assured of a continuing existence”. However: “The position is quite different in the case of an occupational scheme, since an employer's business may cease to exist”.