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

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

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.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	journal article	es_ES
dc.date.updated	2018-10-11T11:24:40Z
dc.identifier.doi	https://doi.org/10.3390/su10082832
dc.identifier.idgrec	127740
dc.rights.accessRights	open access	es_ES