gap with the additional income of the pension scheme, especially in the presence of late retirement and in the presence of …We study the gap between the state pension provided by the Italian pension system pre-Dini reform and post-Dini reform …. The goal is to fill the gap between the old and the new pension by joining a defined contribution pension scheme and …

asset-liability management (ALM) problem for pension schemes. It requires the estimation of fewer stochastic parameters …-world pension scheme, and the first ALM model of a pension scheme to maximize the Sharpe ratio. We disaggregate pension liabilities …