Social insurance accounting for a notional defined contribution scheme combining retirement and long-term care benefits

Roderic Mòbil

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Social insurance accounting for a notional defined contribution scheme combining retirement and long-term care benefits

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dc.contributor.author Vidal Meliá, Carlos
dc.contributor.author Ventura Marco, Manuel
dc.contributor.author Pérez-Salamero González, Juan Manuel
dc.date.accessioned 2018-10-11T11:24:39Z
dc.date.available 2018-10-11T11:24:39Z
dc.date.issued 2018
dc.identifier.uri http://hdl.handle.net/10550/67751
dc.description.abstract This paper develops a social insurance accounting model for a notional defined contribution (NDC) scheme combining retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to compile a 'Swedish' type actuarial balance sheet (ABS) following a framework equivalent to an open group approach. This methodology is suitable for reporting the system's solvency status and can show periodical changes in the system's financial position by means of an income statement. The information underpinning the actuarial valuation is based on events and transactions that are verifiable at the valuation date, without considering expected future trends. The paper also contains an illustrative example to make it easier for policymakers to understand the main advantages and difficulties of our proposal. The policy conclusions stress the need to properly report social insurance benefits to enhance transparency and sustainability and to improve decision-making because it is in the public interest to do so.
dc.language.iso eng
dc.relation.ispartof Sustainability, 2018, vol. 10, num. 8 (2832), p. 1-36
dc.rights.uri info:eu-repo/semantics/openAccess
dc.source Vidal Meliá, Carlos Ventura Marco, Manuel Pérez-Salamero González, Juan Manuel 2018 Social insurance accounting for a notional defined contribution scheme combining retirement and long-term care benefits Sustainability 10 8 (2832) 1 36
dc.subject Assegurances de vida
dc.subject Seguretat social
dc.title Social insurance accounting for a notional defined contribution scheme combining retirement and long-term care benefits
dc.type info:eu-repo/semantics/article
dc.date.updated 2018-10-11T11:24:40Z
dc.identifier.doi https://doi.org/10.3390/su10082832
dc.identifier.idgrec 127740


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Roderic Mòbil