A model to compare a defined benefit pension fund with a defined contribution provident fund
During 1994 universities and certain other institutions were given the option of setting up private retirement funds as an alternative to the AIPF. Because of the underfundedness of the AIPF only a substantially reduced Actuarial Reserve Value could be transferred to the new fund on behalf of each m...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Operations Research Society of South Africa (ORSSA)
2003-12-01
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| Series: | ORiON |
| Online Access: | http://orion.journals.ac.za/pub/article/view/451 |