Taipei : Graduate Institute of Management Science, Tamkang University
Since the advent of the industrial age, the retirement income problem has been seriously concerned. No program, developed to solve this problem has been shown to be entirely satisfactory in respect both of finance and of justice. This paper proposes a self-supporting forced saving quantitative retirement model. The adequacy of the retirement pension, and the relation of related variables to the earnings replacement rate are examined. From sample calculations of pension by using the proposed model, it is shown that, when the related variables are given acceptable and reasonable values, the results are adequate. That is to say, it can be shown that the model will be able to work appropriately under normal conditions.
International Journal of Information and Management Sciences 5(1), pp.87-108