Europe are setting up pension reforms linking the retirement age and/or benefits to life expectancy. In this context, the … accurate modelling and projection of mortality rates and life expectancy play a central role and represent issues of great … interest in recent literature. Our study refers to the Italian mortality experience and considers an indexing mechanism based …

We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …

In 2011, the Hungarian government introduced seniority pensions (Female40): females, who have been accumulating at … reduction. The elimination of other early retirement scheme in 2012 and slowly rising real wages made the program even more … popular: the lifetime benefit was maximized at the earliest retirement. Since 2016, real wages have been growing rather fast …