The Analysis of Interest Rate for The National Pension

• Main Authors: Thung-Jong,Li, 李鐘榮
• Other Authors: Ming-Jui,Hsieh
• Format: Others
• Language: zh-TW
• Published: 2003
• Online Access: http://ndltd.ncl.edu.tw/handle/17098069297923648353

碩士 === 佛光人文社會學院 === 經濟學研究所 === 91 === This research is to establish an analytic tool of the national pension with mathematics model. The demonstration is based on the contents of the “The Draft Plan of the National Pension Law”. The assumptions are as follow: 1. One person at the initial pension is 1 dollar. 2. The present value of the pension income equals the present value of the expenditure. The present value factor of the pension is considered as the variable factor for the decision, and the gather statistic data of nation are regarded as the parameter of various income and expenditures. Based on the previous conditions, it can compute the expectation worth of the present value of the sum pension for one person, and then to drive out “national pension balanced budget equation”. Furthermore, the present value of whole value pension can be gotten by the numeric analysis method, which also can get the interest rate that is averaged by the reduction commodity price and the growth wages rate. This should be the return level on the national pension pension’s investment and then this will infer the “national pension drafted plan” system whether put into practice or not? From the research result of the “national pension drafted plan”, it can be found that if there are no administration cost, the government subsidize and the various subsidies of the start hour, the expectancy worth of the residents in Taiwan is 79 years olds and the reality interest rate per year should reach 4.768 % that just can maintain the equilibrium of the national pension income and expenditure. If the annual return by the national pension funds investment don’t attain the level, and without others compensation from the financial resources as well, it will be a serious problem for the national finance in the long run.