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Valuation of Return of Pension Fund Contributions on Death
Published online by Cambridge University Press: 11 August 2014
Extract
The values of the returns of past and future contributions on death before retirement, such contributions being accumulated to the date of death at rate j, are given respectively by
(TPC)xPCFx and (AC)xFCFx
where (TPC)x=total past contributions at age x accumulated with (compound) interest at rate j to the valuation date,
(AC)x = actual annual contributions payable at valuation age x.
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- Copyright © Institute of Actuaries Students' Society 1947
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