The Central Provident Fund (CPF), Singapore's public pension, is a prefunded, defined contribution pension plan. As average longevity increased, policy makers grew concerned over the fact that participants bear the burden from longevity risk, and a new program to annuitize a portion of CPF...

Japan's public pension system underwent radical reforms in 2004, and the results of the first financial review under the new regime were released in February 2009. Although the review concluded that systemic revisions were unnecessary, some observers have criticized the report for its use of...

Within Japan's aging society, public pensions in which the working generation supports retirees will by necessity play a reduced role, while corporate pensions will gradually become more important. Among corporate pensions, traditional defined benefit plans have changed dramatically since...

The actuarial valuation report of the Japanese public pension system was released in June 2014. It showed that the success of the government growth strategy holds key to the public pension system's sustainability. Also, the assumption for the expected return on the public pension reserve fund...