Point Systems
摘要
In this chapter, we develop various actuarial considerations relating to point systems. A point system is a very general methodology which can be seen as a change of currency: rather than accumulating rights in monetary units, one accumulates rights in the form of points. In this framework, one can then work with Defined ContributionDefined Contribution as well as with Defined BenefitDefined Benefit or with a hybrid formula between DC and DB. In this chapter, we will develop the actuarial analysis of both Defined ContributionDefined Contribution point systems and hybrid DB/DC systems.