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© 2023 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 (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

This paper aims to find the actuarial tables that best represent the occurrences of mortality and disability in the Brazilian Armed Forces, thus providing a better dimensioning of the costs of military pensions to be paid by the pension system. To achieve this goal, an optimization software was developed that tests 53 actuarial tables for the death of valid military personnel, 21 boards for entry into the disability of assets, and 21 boards for mortality of invalids. The software performs 199 distinct adherence tests for each table analyzed through linear aggravations and de-escalations in the probabilities of death and disability. The statistical–mathematical method used was the chi-square adherence test in which the selected table is the one with the null hypothesis “observed data” equal to the “expected data” with the highest degree of accuracy. It is expected to bring a significant contribution to society, as a model of greater accuracy reduces the risk of a large difference between the projected cost and the cost observed on the date of the year, thus contributing to the maintenance of public governance. Additionally, the unprecedented and dual nature of the methodology presented here stands out. As a practical contribution, we emphasize that the results presented streamline the calculation of actuarial projections, reducing by more than 90% the processing times of calculations referring to actuarial projections of retirees from the armed forces. As a limitation of the study, we emphasize that, although possibly replicable, the database was restricted only to the Brazilian Armed Forces.

Details

Title
Proposal for Mathematical and Parallel Computing Modeling as a Decision Support System for Actuarial Sciences
Author
Marcos dos Santos 1   VIAFID ORCID Logo  ; Simões Gomes, Carlos Francisco 2   VIAFID ORCID Logo  ; Enderson Luiz Pereira Júnior 2   VIAFID ORCID Logo  ; Miguel Ângelo Lellis Moreira 3   VIAFID ORCID Logo  ; Igor Pinheiro de Araújo Costa 3   VIAFID ORCID Logo  ; Fávero, Luiz Paulo 4   VIAFID ORCID Logo 

 Systems and Computing Department, Military Institute of Engineering, Rio de Janeiro 22290-270, Brazil; Operational Research Department, Naval Systems Analysis Centre, Rio de Janeiro 20091-000, Brazil 
 Production Engineering Department, Federal Fluminense University, Rio de Janeiro 24210-240, Brazil 
 Operational Research Department, Naval Systems Analysis Centre, Rio de Janeiro 20091-000, Brazil; Production Engineering Department, Federal Fluminense University, Rio de Janeiro 24210-240, Brazil 
 School of Economics, Business, and Accounting, University of São Paulo, São Paulo 05508-010, Brazil 
First page
251
Publication year
2023
Publication date
2023
Publisher
MDPI AG
e-ISSN
20751680
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2791571010
Copyright
© 2023 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 (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.