Cost-Free LTC Model Incorporated into Private Pension Schemes
dc.contributor.author | De la Peña Esteban, Joseba Iñaki | |
dc.contributor.author | Fernández Ramos, M. Cristina | |
dc.contributor.author | Garayeta Bajo, Asier | |
dc.date.accessioned | 2021-03-15T10:42:19Z | |
dc.date.available | 2021-03-15T10:42:19Z | |
dc.date.issued | 2021-02-25 | |
dc.identifier.citation | International Journal of Environmental Research and Public Health 18(5) : (2021) // Article ID 2268 | es_ES |
dc.identifier.issn | 1660-4601 | |
dc.identifier.uri | http://hdl.handle.net/10810/50629 | |
dc.description.abstract | Long-term care coverage is not integrated into an individual’s retirement strategy. It is an additional public health service that is not considered into private pension funds. Nevertheless, this coverage is not sufficient due to the problems of financial sustainability of the public pension systems. However, there are large sums in pension plans dedicated to paying retirement pensions that can be transformed into support for long-term care coverage. This paper develops a mechanism of pension transformation through the different mortality of the beneficiary when becoming a dependent beneficiary. This mechanism allows the beneficiary to convert their pension to LTC support at their own choice, without increasing the cost of the private pension scheme. The proposed model provides consistency in the pension that a retiree receives and adapts it to a retiree’s life expectancy: the retiree receives a higher pension when he/she needs it most. | es_ES |
dc.description.sponsorship | This research was funded by Consolidated Research Group Eusko Jaurlaritza/Gobierno Vasco EJ/GV grant number IT 897-16. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | MDPI | es_ES |
dc.rights | info:eu-repo/semantics/openAccess | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/es/ | |
dc.subject | ageing | es_ES |
dc.subject | dependency | es_ES |
dc.subject | long-term care | es_ES |
dc.subject | private pensions | es_ES |
dc.title | Cost-Free LTC Model Incorporated into Private Pension Schemes | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.date.updated | 2021-03-12T14:39:23Z | |
dc.rights.holder | 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). | es_ES |
dc.relation.publisherversion | https://www.mdpi.com/1660-4601/18/5/2268/htm | es_ES |
dc.identifier.doi | 10.3390/ijerph18052268 | |
dc.departamentoes | Economía financiera I | |
dc.departamentoeu | Finantza ekonomia I |
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Except where otherwise noted, this item's license is described as 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).