CD Skripsi
Manfaat pensiun normal dengan metode attained age normal dan entry age normal berdasarkan distribusi burr tipe xii
Essentially, every worker will eventually reach a point where they have com- pleted their period of employment, but economic needs and protection are still required to ensure their well-being in the future. Therefore, one way to ensure future well-being is for each worker to participate in a program that can fulfill their needs during old age, namely the old-age benefit program, commonly kno- wn as a pension fund. This study aims to compare two methods, namely: the attained age normal method and the entry age normal method, in calculating normal pension benefits based on the Burr type XII distribution. The para- meters of the Burr Type XII distribution are estimated using the Maximum Likelihood Estimation method and solved using the Newton-Raphson iteration then to obtain the estimation results used Maple 13 software. The solution of the problem is obtained by determining the probability of life, the initial life annuity temporary, the initial annuity for life then present value of pension be- nefits, normal costs, and actuarial liabilities using both the attained age normal and entry age normal methods and then a formulas based on the Burr Type XII distribution is obtained. The present value of pension benefits calculated using the attained age normal and entry age normal methods based on the Burr Type XII distribution increases each year. Furthermore, the normal cost under the attained age normal method increases annually, while the normal cost under the entry age normal method remains constant.
Keywords: Pension fund, attained age normal method, entry age normal me- thod, Burr Type XII distribution, maximum likelihood
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