Background: The pension deficit has been rapidly enlarging for more than a decade. If the retirement age is set at a … low level, it might trigger a pensions crisis. Since the average life span of the Chinese has extended from 71 to 76 years … old in last ten years, the feasibility of rising the retirement age has also been promoted. Methods: This paper aims to …

retirement income providers such as pension schemes or life insurance companies. …Protecting against unexpected yield curve, inflation, and longevity shifts are some of the most critical issues … institutional and private investors must solve when managing post-retirement income benefits. This paper empirically investigates …