0 someone who receives an annuity (= a fixed amount of money paid to someone every year, usually until their death):
Moreover, because the probability of survival decreases with the age of the annuitant the mortality credit increases with increasing entry age.
We assume that the future lifetimes of the annuitants have a common distribution and are independent of each other (conditional on any given survival function).
Second, we obtained individual-level data on all annuitants giving gender, size of pensions and dates of birth, retirement, and death.
Following the previous literature, we consider households with both population and annuitant mortality.
The book has a clearly delineated line of reasoning which helps the reader new to annuitant issues.
In any case, it is noteworthy that higher portfolio returns tend to be partially shared with annuitants.
Alternatively, the pension fund could conduct biddings among private-sector providers to allocate cohorts of annuitants.
Computed with cohort annuitant table and risk-free rate.
