How does this role benefit the work of the organization and the profession?
This project will research methodologies that countries can use to implement longevity pooling solutions within their population, and models to demonstrate the approaches. Key parts of the models and methodology will be determining initial retirement payouts based on mortality, inflation and investment return assumptions and how they can be adjusted using experience results. Examples will be created applying a variable annuity approach to countries where such a payout option could improve on current lump-sum payouts or lower value annuity products.
Responsibilities & Duties
The Project Oversight Group (POG) will oversee the project, work closely with the authors, and review the acceptability of project deliverables in accordance with the terms of the Letter of Agreement. The POG will provide feedback or suggestions as appropriate regarding the progressing research.
Time Commitment
Time would consist of conference calls and reviews of the draft report and final report.
Experience Required
- Member, Non-Member or Candidate
- Retirement concept experience is beneficial.
Opportunity Location
Non-Country Specific
Travel Required
None
SOA Training Required
None