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dc.contributor.authorNdereba, Maureen Ngugi
dc.date.accessioned2016-03-19T07:39:01Z
dc.date.available2016-03-19T07:39:01Z
dc.date.issued2015-12
dc.identifier.urihttp://hdl.handle.net/11071/4332
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractThis study seeks to determine optimal contribution level required in a Defined Contribution Pension Plan so as to be adequate for the life of the retiree on retirement. The objective is to determine the contribution of the working adult through his working years, as a factor of inflation over the working years, salary increment, investment of the fund and number of working years, so as to achieve the optimal contribution to be adequate for the life of the retiree. The life expectancy of the retiree is derived using the Curtate Life Expectancy. Assets of the fund are invested in stocks. Salary is increasing half times that of the inflation rate. The optimization is done under a budget constraint that guarantees the actuarial equilibrium between the current asset and future contributions and benefitsen_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectDefined Contributionen_US
dc.subjectOptimal contributionen_US
dc.subjectPension planen_US
dc.titleDetermining optimal contribution levels of defined contribution pension plan in Kenyaen_US
dc.typeOtheren_US


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