Session: 88

Pensions

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Summary

To secure the pension rights of beneficialies and participants in full, the actuarial soundness for corporate pension plans are necessary both on the continuous and discontinuous basis. Legistration and actuarial practices being implemented in Japan are reviewd from the viewpoint of actuarial soundness. The minimum funding standards and related schemes such as insolvency insurance and discontinuous fund are also discussed on the structure, problems and the impact on the practical pension fund management. Recently the UK government proposed to replace their minimum funding standards ( minimum funding requirements in UK term ) to another scheme. This proposal will be discussed.

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