Documents produced under projects are material produced in the course of the project, or as outputs. This document dated April 2017 is provided for the ADB project 49163-001 in Thailand.
This briefing note discusses the way in which actuarial techniques can be used to calculate the level of annuities, in order to improve the pension levels as compared to the levels that are possible when such techniques are not used. These techniques are not new or revolutionary, but are based on standard pension- and life insurance practice, as applied in literally hundreds of millions of cases all over the world over the past century.