Hi, I started studying chapter 14 and finding it difficult to understand the concept. Anyone know any text book that I can refer to for "Pension fund" or a best way of studying this chapter. Thanks May
C-14 yes, this chapter is relatively tough. I am also attempting this paper in May 2009. here are a few things: a) The first thing I did was to list down the notations and be comfortble with them, especially while using commutation functions. b) We need to practice them until we are comfortable to expand given notation and also find a notation for given expansion. c) Variations: Salary related: s and z factors... z only when final average salary is involved. d) Variations: Probability related: Prob of death or illhealth.. e) Variations: Age retirment/ill health retirement or either (i.e to consider both probabilities). f) Past and Future service liabilities... etc.etc. I can spare time for discussion...just let me know... Thanks, Raj email: rsmallela@rediffmail.com
Hi, Thanks for your reply. It sounds like a good plan, I'll give it a try. I will appreciate it if we can discuss, please. Many thanks May
