, when the death occurs prior to retirement. While in most countries this accumulated capital (called survivor dividend, SD …) is kept by the scheme, in Sweden it is distributed among the same cohort survivors. This paper aims to analyse to what … assumptions (constant or according to Lee-Carter mortality improvements) to calculate the maximum mortality decrease a scheme can …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …