, 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 …

The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension … changes in the growth of the active population. We then compute the effect of the survivor dividend on the relationship … between the individual's internal rate of return for contributors who reach retirement age and the system's internal rate of …

scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses … basic building block of individual accounts. This ensures the important design feature of transparency, the "enabler" of … postpone retirement marginally toward the end of the working life. The chapter examines additional criteria (fairness …

retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to … policy conclusions stress the need to properly report social insurance benefits to enhance transparency and sustainability …