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On the valuation of staff pension funds. Part 2—widows' and children's pensions

Published online by Cambridge University Press:  18 August 2016

Henry William Manly  and
Herbert Foot
Henry William Manly
Affiliation:
Actuary of The Equitable Life Assurance Society, and Past-President of the Institute of Actuaries.
Herbert Foot
Affiliation:
The Northern Assurance Company, Fellow of the Institute of Actuaries.
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Extract

I Have been asked to explain how the benefits of a pension to widows and an allowance to children can be valued when they are included in a pension scheme; and as I have had no experience whatever of a fund providing such benefits, I am, of course, eminently qualified to lecture on the subject. At least, I approach the subject with an unprejudiced mind, and am not affected by anything I may have said or done.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 38 , Issue 2 , October 1903 , pp. 101 - 171
Copyright
Copyright © Institute and Faculty of Actuaries 1904

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References

page 117 note * a y+1 does not mean that the annuity is for the age 1 year older than y, but y +1 is the age of the widow on the death of a husband at the age of x + 1½.

page 160 note * Tables 57 and 58 will be published later.