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A History of British Actuarial ThoughtBritish Actuarial Thought in Defined Benefit Pensions (1905–1997)

A History of British Actuarial Thought: British Actuarial Thought in Defined Benefit Pensions... [The recognisable British private staff pension scheme, funded by a mixture of employer and employee contributions based on percentage of salary, paid over the period of service of the employee and invested in a trust fund, with benefits defined with reference to the salary history and years of service of the employee, first emerged over the second half of the nineteenth century. Ad hoc unfunded pension arrangements arose amongst some large employers earlier in that century. The occasional historical precedent of earlier funded arrangements for post-employment benefits can also be found: the earliest funded scheme for the provision of widows’ annuities to ‘employees’ is thought to be the Scottish Ministers’ Fund, which was established in the mid-eighteenth century.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A History of British Actuarial ThoughtBritish Actuarial Thought in Defined Benefit Pensions (1905–1997)

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2017
ISBN
978-3-319-33182-9
Pages
233 –274
DOI
10.1007/978-3-319-33183-6_6
Publisher site
See Chapter on Publisher Site

Abstract

[The recognisable British private staff pension scheme, funded by a mixture of employer and employee contributions based on percentage of salary, paid over the period of service of the employee and invested in a trust fund, with benefits defined with reference to the salary history and years of service of the employee, first emerged over the second half of the nineteenth century. Ad hoc unfunded pension arrangements arose amongst some large employers earlier in that century. The occasional historical precedent of earlier funded arrangements for post-employment benefits can also be found: the earliest funded scheme for the provision of widows’ annuities to ‘employees’ is thought to be the Scottish Ministers’ Fund, which was established in the mid-eighteenth century.]

Published: Dec 8, 2016

Keywords: Pension Fund; Pension Scheme; Asset Valuation; Equity Investment; Dividend Growth

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