Anjali Mittal
Made first post
Hi,
I didn't understand this example of defined ambition schemes under CH 5 -
"Schemes where the retirement age is increased for future service in light of increasing longevity.
In this case, the variable retirement age means that the post-retirement longevity risk is transferred from the employer to the member".
Can anyone explain how post-retirement the longevity risk is transferred from the employer to the member.
Thanks
I didn't understand this example of defined ambition schemes under CH 5 -
"Schemes where the retirement age is increased for future service in light of increasing longevity.
In this case, the variable retirement age means that the post-retirement longevity risk is transferred from the employer to the member".
Can anyone explain how post-retirement the longevity risk is transferred from the employer to the member.
Thanks