DC Pension Plan with Refund of Contributions under Affine Interest Rate Model
Udeme O. Ini, Obinichi C. Mandah & Edikan E. Akpanibah · Asian Journal of Probability and Statistics · 2020
This paper studies the optimal investment plan for a pension scheme with refund of contributions, stochastic salary and affine interest rate model. A modified model which allows for refund of contributions to death members’ families is considered. In this model, the fund managers...
Open access
Research Article
10.9734/ajpas/2020/v7i230175