CONSTRUCTION OF EXPERIENCE LIFE-TABLES FOR THE ALGERIAN SURVIVOR PENSIONS’ BENEFICIARIES

Assas, Hafida; Flici, Farid; Saidi, Ghania; Hannani, Yasmine

Les cahiers du CREAD
Volume 39, Numéro 2, Pages 341-363
2023-06-22

Construction Of Experience Life-tables For The Algerian Survivor Pensions’ Beneficiaries

Authors : Assas Hafida . Flici Farid . Saidi Ghania . Hannani Yasmine .

Abstract

The objective of this paper is to construct periodic life tables based on the mortality experience of the Algerian survivor pension beneficiaries. Usually, the mortality of the retirees is lower than that of the global population, essentially due to better living conditions and access to health care. Also, we aim to verify if mortality is different between the categories of survivor pensioners and to adapt the actuarial life tables accordingly, which may result in actuarial valuations more adapted to the risk function of each subpopulation. To this end, we compare three parametric models i.e., the Gompertz model, the Kannisto model and the Heligman & Pollard model. Results show a significant difference between the life expectancy of the survivor pension beneficiaries and that of the direct retirees and between the categories of survivor pensioners.