DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-4,Issue-2 ( Feb, 2018 ) | |||||||||
Paper Title |
A Simulation Model to Illustrate Financial Activities of Malaysian Pension Fund | |||||||||
Author Name |
Hasimah Sapiri, Nazihah Ahmad, Nazrina Aziz, Fatinah Zainonand Nik, Nadhilah Nik Mohd Yusoff | |||||||||
Affilition |
School of Quantitative Sciences, College of Arts and Sciences, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia | |||||||||
Pages |
1-5 | |||||||||
Abstract |
Nowadays, pension spending is expected to grow substantially since the populations’ are aging and the number of retirees increases. Some countries have started planning to amend the pensioners’ retirement benefit to sustain their pension systems. For strategic planning, it is important to assess the financial condition of a pension fund. Therefore, this paper described several factors influencing the financial activities of pension funds. Next, a dynamic simulation model is developed as well as stock and flow diagram to study the interrelationships among the influencing factors. Malaysia public pension fund system is used to illustrate the simulation model. Keywords - Financial Activities, Pension Fund, System Dynamics. | |||||||||
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