Cost-Free LTC Model Incorporated into Private Pension Schemes

International Journal of Environmental Research and Public Health

M.Cristina Fernández-Ramos¹  Asier Garayeta²  J.Iñaki De La Peña² 

[1] Department of Education, Junta Castilla-León, 47011 Valladolid, Spain;Faculty of Business and Economics, University of the Basque Country, 48015 Bilbao, Spain;

关键词: ageing;    dependency;    long-term care;    private pensions;   

DOI  :  10.3390/ijerph18052268

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown