Application of Multi-State Models in The Estimation of Contributions in Pension Plans (MSc Research Project in Actuarial Science)
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Application of Multi-State Models in The Estimation of Contributions in Pension Plans (MSc Research Project in Actuarial Science)

Exit from active service comes with a lot of challenges ranging from health related to old age complications. Managing old age with ever rising and unpredictable inflation income poses more challenges to this vulnerable group of individuals in the society. Life becomes more complicated when a once active individual suddenly becomes permanently disabled and cannot…