CD Skripsi
Iuran Normal Pensiun Menggunakan Metode Entry Age Normal Dan Projected Unit Credit Dengan Distribusi Pareto
This final project discusses the entry age normal and projected unit credit methods with Pareto distribution to determine normal pension contributions. The entry age normal method is a method that assumes that every employee is already a participant in the pension program when first hired or after meeting the requirements and the projected unit credit method is a method that divides the total pension benefit at normal retirement age by the total service period into one unit of pension benefit which is then allocated to each year during the working period. The parameters in the Pareto distribution are estimated using maximum likelihood estimation. Normal pension contributions using the entry age normal and projected unit credit methods with the Pareto distribution can be obtained by determining life chances, life annuities, and pension benefits. This research shows that the normal pension contribution using the entry age normal method with Pareto distribution is fixed every year. Meanwhile, the amount of normal pension contributions using the projected unit credit method with Pareto distribution increases every year as the participant’s age increases.
Keywords: Normal pension contributions, entry age normal method, projected unit credit method, Pareto distribution, maximum likelihood
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