Operations Research: International Conference Series
Vol. 2 No. 2 (2021): Operations Research International Conference Series (ORICS), June 2021

Ordinary Unit Loans, and Projected Unit Loans

Faisal Mochtar, Lalu Azis (Unknown)



Article Info

Publish Date
05 Jun 2021

Abstract

In determining the benefits of pension funds, proper calculations are needed so as not to provide pension funds that are too little or too much. The importance of discussing the problems in pension funds is to understand the various problems that exist in determining pension funds. The purpose of making the resolution of the selected questions is so that they can be used as learning to solve problems regarding pension funds. The problems that exist are sought to be resolved using the Traditional Unit Credit (TUC) method and the Projected Unit Credit (PUC) method. The result obtained from the problem under discussion is that if the entered age changes, it means that it is only necessary to multiply the previously obtained normal cost by the difference from the age in the specified year with the entered age. For those who survive, the normal cost is IDR 33,125, if there are 92 participants who are still alive, the normal cost is IDR 3,047,490, if there are 96 participants who are still alive, the normal fee is IDR 3,180,000, and if all participants are still alive, the normal fee is IDR 3,312,510. It is hoped that the discussion of the selected questions can help readers understand how to solve problems in determining pension funds.

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Journal Info

Abbrev

Orics

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

Description

Operations Research: International Conference Series (ORICS) is published 4 times a year and is the flagship journal of the Indonesian Operational Research Association (IORA). It is the aim of ORICS to present papers which cover the theory, practice, history or methodology of OR. However, since OR ...