Question

Report1 You are the personnel division manager of Yamamoto Company. Currently 100 clerks who are 55 years old now (Yamamoto Company's retirement age is 60 years old). . Yamamoto Company set up 5 years corporate pensions which provide 1 million yen, each year How to manage this pension scheme? Assumption No account death rate, all clerks survive i pensioner age (live until 65 years old) The interest rate is permanently 5% Advance paying system Be careful, contribution period, asset maintenance period and the pensionable age to pensioner period, use the EET system

Answer 1

Pension plan provide financial security and stability during old age,when people doesnt have any particular source of income.According to united nations population division expectancy is expected to reach 75 years by 2050 from present level of 65 years.Better health and sanitation facilities in india have increased the life span.As a result number of post retirement years increases.

1. LIC jeevan akshay 6 plan
2. SBI life seral plan
3. HDFC life
4. ICICI pru
5. Bajaj allianz

These are the best pension scheme now in India.I will impliment pensions based on these scheme or directly link these private pension scheme with our company.