RT Journal Article
T1 Social Insurance Accounting for a Notional Defined Contribution Scheme Combining Retirement andLong-Term Care Benefits
A1 Vidal-Meliá, Carlos
A1 Ventura-Marco, Manuel
A1 Pérez-Salamero González, Juan Manuel
AB This paper develops a social insurance accounting model for a notional defined contribution (NDC) scheme combining retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to compile a “Swedish” type actuarial balance sheet (ABS) following a framework equivalent to an open group approach. This methodology is suitable for reporting the system’s solvency status and can show periodical changes in the system’s financial position by means of an income statement. The information underpinning the actuarial valuation is based on events and transactions that are verifiable at the valuation date, without considering expected future trends. The paper also contains an illustrative example to make it easier for policymakers to understand the main advantages and difficulties of our proposal. The policy conclusions stress the need to properly report social insurance benefits to enhance transparency and sustainability and to improve decision-making because it is in the public interest to do so.
PB MDPI
SN 2071-1050
YR 2018
FD 2018
LK https://hdl.handle.net/20.500.14352/18790
UL https://hdl.handle.net/20.500.14352/18790
LA eng
DS Docta Complutense
RD 11 abr 2025