Aging inflatable populations and pension funds

Document Type : Scientific paper

Authors

1 Faculty Member of Economics

2 Iran university of Science and Technology

Abstract

The growing trend of population aging, declining fertility rates in Iran, continuous increase in pension recipients, and decreasing number of pension contributors have posed numerous challenges for pension funds. These factors, along with other reasons, have resulted in severe budget deficits in pension funds. These deficits have caused significant concern among fund members, as their peace of mind and retirement security depend on the proper functioning of the funds. Since providing pensions is an essential obligation, the government should address these deficits. However, they have turned into major challenges for the government. Every year, with the devaluation of the national currency, the expenses of pension funds increase, while the number of contributors decreases, putting a greater burden on the country's current budget.
This paper examines the pension fund debts from 2009 to 2021, considering the cyclical nature of pension funds. Using the generalized extended Diamond model, the precise amount of pension payments, income from contributions, and ultimately the deficits of these funds have been predicted for National and military pension funds for the years 2022 to 2031
his paper examines the pension fund debts from 2009 to 2021, considering the cyclical nature of pension funds. Using the generalized extended Diamond model, the precise amount of pension payments, income from contributions, and ultimately the deficits of these funds have been predicted for National and military pension funds for the years 2022 to 2031

Keywords

References

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Macroeconomics Research Letter
Volume 17, Issue 35
October 2022
Pages 39-71

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History

  • Receive Date: 17 June 2023
  • Revise Date: 16 August 2023
  • Accept Date: 09 September 2023

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