extent the SD kept by most NDCs can be used to cover an unexpected longevity increase. We develop formulae under different … assumptions (constant or according to Lee-Carter mortality improvements) to calculate the maximum mortality decrease a scheme can … the non-distribution of the SD is a potential solution to cover the longevity risk of NDCs …

longevity is the main cause of the problem. However, in our opinion, longevity itself is not a problem and, therefore, should … of characteristic behaviours throughout the life cycle of a person that are motivated by increased longevity. The pension …-increasing longevity. Rebalancing resources and life cycle needs are also discussed, with particular attention to the economic needs from …